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Review the financial services provided by existing green banks and clean energy financing
initiatives;
Review the need to provide low-cost financing to clean energy and energy efficiency projects,
the need to warehouse and securitize clean energy and renewable energy and energy efficiency
financial instruments, and any other gaps in the availability of financing for clean energy and
energy efficiency projects in the State;
Review the impact of existing Maryland financial programs on the renewable and energy
conservation industries; and
Consider any other relevant information that the Center or Administration determines
appropriate.
On behalf of MCEC, the Cadmus team undertook three tasks to address these goals:
An overview of existing green banks and clean energy financing entities across the United
States, identifying models that might be appropriate for Maryland (Chapters 2 and 3).
A review of existing clean energy finance offerings in Maryland in order to determine where
gaps might exist (Chapter 4).
A targeted survey and a series of discussion groups with key constituencies that would be
important green bank stakeholders in order to identify additional financing needs (Chapter 5).
The statute directs MCEC to provide the Senate Finance and House Economic Matters Committees with
a draft report addressing these goals on or before December 1, 2014. This report fulfills that
requirement.
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