The Philadelphia Green Capital Corp. connects projects to capital (public, private, and philanthropic) to drive a robust, equitable clean energy market in Philadelphia, support the Philadelphia Energy Authority, and respond to the local challenges of climate change.
Philadelphia has a thriving, clean energy market that serves all Philadelphians, and is a national model for equitable clean energy development.
Supporting PEA & the Philadelphia Energy Campaign
PGCC is the green bank affiliate of the Philadelphia Energy Authority (PEA), an independent municipal authority focused on energy affordability and sustainability in the City of Philadelphia. The creation of PGCC will scale and amplify PEA’s current work and will bring new financial products to the Philadelphia region’s clean energy economy.
PEA’s mission is to be a catalyst for the growth of a robust, equitable, diverse clean energy economy in Philadelphia through the development of long-term energy projects, policy, education and market-building activities.
In 2016, through the leadership of City Council President Darrell Clarke, PEA launched the Philadelphia Energy Campaign to create jobs, strengthen communities, cut energy bills, and reduce Philadelphia’s carbon footprint. The Campaign combines public and private financing to invest $1 billion in clean energy and energy efficiency projects in four key sectors: public schools, businesses, city buildings, and affordable residential buildings.
PGCC will support PEA’s programs and generate $250 million of investment in support of the Philadelphia Energy Campaign by drawing on the best practices of the established green bank community.