About Us

mission

The New Jersey Green Bank (NJGB) aims to use climate-related investments and financial assistance to mobilize private capital to create good paying jobs statewide, advance New Jersey’s climate goals, and facilitate an equitable energy transition.

The NJGB is dedicated to providing financial support for projects that align with the State’s climate goals, which include (but are not limited to) the following priority areas:

Zero-emission transportation

Building decarbonization and resiliency

Clean energy generation and storage

Investment Philosophy

The NJGB is interested in pursuing transactions that fit into the following portfolio-level investment criteria

The NJGB portfolio will have expected financial returns such that revenues of the NJGB will exceed operating costs and expected portfolio losses.

The NJGB portfolio will be expected to contribute to financial market transformation for climate-related investments and financial assistance, which may include (i) reaching New Jersey residents in EJCs with investments and financial assistance; (ii) increasing private sector participation in climate-related transactions; (iii) creating scale in investments and financial assistance; and (iv) increasing market awareness and confidence in particular clean energy technologies.

The NJGB portfolio will have the potential for energy savings and/or clean energy generation that will contribute to GHG emissions reductions and/or increased resiliency related to extreme weather events in support of New Jersey’s climate goals.

The NJGB portfolio will provide measurable benefits to EJCs (as determined on a portfolio-wide basis), in line with existing State Environmental Justice legislation and guidance from the NJGB’s Environmental Justice Advisory Committee.