Nevada Clean Energy Fund
What is the Nevada Clean Energy Fund?
Senate Bill 407, of the 79th session of the Nevada Legislature, established an independent, nonprofit corporation called the Nevada Clean Energy Fund to help finance the use and harnessing of clean energy projects in this State, for both commercial and residential properties. SB 407 also created the Board of Directors to administer the Fund and set forth the duties of the Board. SB 407 was codified as NRS 701B.930-995.
The Nevada Clean Energy Fund, or NCEF, was established to provide funding for, and increase significantly, the pace and amount of financing available for qualified clean energy projects in the State; improve the standard of living by promoting more efficient and lower cost clean energy projects that create high-paying, long-term jobs; foster the development of transparent underwriting standards, standard contractual terms, and measurement and verification protocols for clean energy projects; promoting the creation of performance data that enables effective underwriting, risk management and pro forma modeling of financial performance of qualified clean energy projects to stimulate the development of secondary investment markets; and achieving a level of financing support for clean energy projects in the State.
for Green Capital is providing pro bono consulting services to the
Governor’s Office of Energy to assist with the startup of the organization
including business planning and staffing, fundraising and operating
support. This activity is funded with philanthropic grants provided to