The Philadelphia Green Capital Corp. (PGCC) is the recently-formed “green bank” affiliate of the Philadelphia Energy Authority (PEA). PGCC’s mission is to connect projects to capital to drive a robust, equitable, clean energy market in Philadelphia, support PEA, and respond to the local challenges of climate change. PGCC will use proven green bank tools to unlock capital for clean energy projects, including: leveraging capital from public, private, and philanthropic sources; offering credit enhancements; using alternative underwriting methods; and facilitating partnerships. The creation of PGCC will amplify PEA’s current work and bring new financial products to the Philadelphia region’s clean energy economy.
