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Green Bank Would Provide Funding for Microgrids in Alaska


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On April 9, Alaska Gov. Mike Dunleavy introduced the Alaska Energy Independence Act (SB 123, HB 170) to spur sustainable energy development by issuing loans for qualified clean energy projects.
Twenty states have clean energy financing programs, also called green banks. Typically, green banks augment private investments in low-carbon, climate-resilient infrastructure.
The bill creates the Alaska Energy Independence Fund, which would receive an initial $10 million infusion by the state.
The Alaska Industrial Development and Export Authority would use the fund to develop clean energy loan programs and products for Alaskans, according to Dunleavy. The authority would be able to issue bonds to support the fund. It could also buy, build, own and operate clean energy facilities. ....

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