Open NJGB Opportunities
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.
If you are interested in exploring debt financing from the New Jersey Green Bank for your clean energy project, please review the information below and complete an Expression of Interest (EOI) form. An NJGB representative will contact you upon EOI form submission.
Eligibility Requirements
Financeable Categories
- Renewable energy generation
- Electric battery storage
- Building retrofits and new net-zero building construction
- Zero-emission vehicles and charging/fueling infrastructure
Borrowers may propose:
- Financing need: Up to 80% of a project’s total cost, between $1-20M
- Loan term: Up to 80% of the useful life of any financed asset, or 10 years, whichever is sooner
- Desired transaction type: Senior debt, subordinate debt, or mezzanine financing
Eligible Borrowers:
- Private, For-Profit Entities, including Special Purpose Vehicles (SPVs)
- Non-Profit Entities
- Academic Institutions
- Municipalities and Counties
- Municipal, county, regional or state redevelopment agencies/independent authorities
Eligible borrowers must be registered to do business in New Jersey and have a valid tax clearance certificate.
Minimum Investment Criteria
- Be located in New Jersey
- Reduce or avoid GHG emissions and other air pollutants
- Utilize only commercially proven technologies
- Have a minimum proforma debt service coverage ratio of one (1.0)
- Have a minimum 20% equity/tax equity contribution, including a commitment from a sponsor
- Have all construction work done in accordance with NJ Prevailing Wage requirements
CONTACT INFORMATION
If you have a question, issue, or inquiry for the NJ Green Bank, you may contact us via the following methods:
emailMailing Address: PO Box 990, Trenton, NJ 08625-0990