The Maine Clean Energy and Sustainability Accelerator is a specialized finance program designed to drive private capital into market gaps for goods and services producing low or no greenhouse gas emissions. Qualifying projects include solar, wind, and geothermal projects, projects using fuel cells to store energy, projects that are biomass generators fueled by wood, landfill gas, or anaerobic digestion, industrial decarbonization, and fuel switching projects. Capital is administered in the form of debt financing, credit enhancements, including loan loss reserves and loan guarantees, aggregation and warehousing, equity capital, leases, and any other financial product approved by the board. The accelerator directs 40% of its investment activity to serve vulnerable communities.
