CGC commits $200m to GreenieRE to expand clean energy insurance and unlock private capital

The Clean Growth Coalition (CGC), a nonprofit dedicated to accelerating clean energy investment, has announced a $200 million investment in GreenieRE, a reinsurance company focused on removing financial barriers in the insurance market.

This investment aims to lower costs and accelerate the large-scale deployment of clean energy technologies.

Over the next decade, GreenieRE is expected to create a ripple effect in the financial sector, unlocking over $30 billion in private investment for projects that expand access to affordable, clean energy.

A major challenge for advancing clean energy is the lack of comprehensive and cost-effective insurance. Green banks, community lenders, and other financial institutions often struggle to secure insurance products that accurately assess risk—a key factor in making projects investment-grade and attracting private capital.

This uncertainty leads to costly, restrictive, and limited insurance options, slowing the rollout of cost-effective clean energy solutions. GreenieRE aims to tackle these bottleneck risks, particularly those limiting the deployment of decarbonisation infrastructure.

The challenge is even greater for projects serving low-income and environmentally impacted communities, where financial risks are often perceived as higher. With CGC’s support, GreenieRE will introduce tailored insurance solutions to fill these gaps and de-risk investments in qualified projects.

At least 50% of GreenieRE’s insured value will be allocated to underserved markets, ensuring these communities benefit from cleaner, more affordable energy while encouraging private-sector engagement. CGC’s investment is expected to spur growth in target insurance markets and accelerate the adoption of cost-effective clean power across the country.

Over the next decade, GreenieRE-backed projects have the potential to deliver significant environmental and economic benefits. These initiatives could prevent up to 2.3 million metric tons of CO₂ emissions—the equivalent of the annual energy use of over 300,000 homes—while attracting billions of dollars in private capital for clean, affordable energy.

Directly tied projects are projected to generate $5.2 billion, with a broader impact unlocking more than $30 billion in total project value. Beyond financial gains, these efforts will create jobs, improve air and water quality, and lower energy costs for American families.

GreenieRE will collaborate with traditional insurers to support clean energy developers and financial institutions, helping de-risk projects through expert underwriting and impact finance partnerships. By offering scalable and replicable insurance contracts, GreenieRE aims to attract additional capital and drive market confidence in clean energy investments.

CGC received a one-time $5 billion grant from the Environmental Protection Agency’s (EPA) National Clean Investment Fund (NCIF) program to foster public-private partnerships and build a network of self-sustaining green banks. GreenieRE is a key component of CGC’s NCIF strategy to support the development of America’s advanced clean energy infrastructure.

This investment aligns with CGC’s mission to eliminate financing barriers, drive private-sector participation, and ensure all Americans benefit from cleaner air and water, job creation, and lower energy costs.

CGC’s Chief Executive Officer Richard Kauffman, added: “The private sector has demonstrated a strong willingness to invest in expanding clean energy access for Americans. However, significant bottlenecks continue to hinder efforts to lower costs and accelerate the deployment of these technologies.

“This partnership represents a crucial first step in removing barriers that restrict private capital and keep clean energy technologies costly for both developers and consumers. GreenieRE will play a key role in mobilising private sector support to empower state and local green banks, along with other lenders, to finance critical community clean energy projects that would otherwise struggle to secure private sector capital.”

Jeff McAulay, CEO of GreenieRE, commented: “The global energy transition needs high-impact risk management solutions and insurance is a proven, commercial and scalable structure. Our priority is the most efficient use of federal funding to achieve maximum impact for end users.

“We are grateful for CGC’s leadership in creating the next generation of green financing institutions. With GreenieRE we follow a legacy of government-sponsored institutions to responsibly de-risk a major growing asset class using best practices from the private sector insurers.”

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