MCEC Seeks Public Private Investment Partnerships to Leverage Federal Loans for Clean Energy in Maryland

The Maryland Clean Energy Center (MCEC)  released a Request for Information (RFI) which seeks to gather information regarding the potential use of State funds to implement the priorities outlined in Maryland’s Climate Solutions Now Act and associated Climate Pollution Reduction Plan, the Clean Energy Jobs Act and Clean Energy Future package and leverage federal financing from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).

As a green bank and corporate instrumentality of the State of Maryland, MCEC advances the adoption of clean energy and energy efficiency products, services, and technologies. Serving as a Maryland State Energy Financing Institution (SEFI), MCEC may partner with project and program developers to leverages private capital to help homeowners, businesses, and government entities reduce energy costs.

Through responses to the RFI, MCEC is hoping to identify specific project and investment opportunities that could benefit from targeted state and federal investment, and to better understand the amount and types of financing needed to reach the state’s clean energy deployment goals. Respondents may broadly comment on the types of projects state funding could support in order to leverage DOE LPO financing for implementation, in addition to how should MCEC collaborate with other entities in the state and or the region; including but not limited to tribes, municipalities, and/or community-based organizations; to coordinate planning and action in its use of State of Maryland funds.

A pre-submittal conference will be held on Tuesday, March 5, 2024, at 9:00 AM with questions due by 5:00 PM Friday, March 29. Responses must be received by no later than 5:00 PM EST Monday, April 15, 2024, via the online submission form.