DC Green Bank and CFE provide $5.25 million in financing for solar energy for DC homes

This transaction involves DC Green Bank and City First Enterprises (CFE) each providing $2.625 million in financing, totaling $5.25 million, for a $10 million solar energy project led by Evergreen Energy Investments. The project aims to install over 3 MW of solar systems across approximately 335 households in Washington D.C. The financing structure suggests a blended capital approach, leveraging public and potentially private funds to support residential solar adoption. This deal aligns with broader efforts to promote renewable energy and energy efficiency in urban environments. The involvement of a Green Bank, similar to the Australian CEFC, underscores the strategic importance of public-private partnerships in driving clean energy deployment. The relatively small scale of the project (3MW) suggests a focus on distributed generation and community-level impact. The deal's success will likely depend on factors such as regulatory support, consumer adoption rates, and the ability of Evergreen Energy Investments to efficiently manage project implementation and financing.