News Story

Washington, DC— The Coalition for Green Capital (CGC) and Spruce Root, Inc. today announced the formation of a new strategic partnership to unlock billions of public-private capital and deliver clean energy projects to local Alaska communities. This is the latest partnership announcement from CGC and comes as its growing, nationwide network of clean energy investors and lenders prepares to apply for federal funds from the Environmental Protection Agency (EPA) Greenhouse Gas Reduction Fund (GGRF) to launch a nationwide green bank.

“Spruce Root has been making a major difference for Southeast communities since its founding, which is why I am in strong support of this partnership with CGC,” said Representative Mary Peltola (AK). “This partnership will support the delivery of green infrastructure that is responsive to local needs. The combination of a national green bank organization and a regional community development group like Spruce Root provides an excellent blueprint for how to deploy clean energy funding efficiently and responsibly.

“Alaska is on the front lines of climate change, and our Indigenous communities have often borne the brunt of its impacts,”said Representative Peltola. “More needs to be done to provide for these communities, but partnerships like this are an important step in building resilience and capacity at the local level as we transition to a clean energy grid. I look forward to supporting more partnerships in this model, and maximizing the impact of the funding Congress has set aside for clean energy development.” 

Spruce Root, Inc. is a non-profit community development financial institution delivering programs to communities and small businesses as they work to drive towards a regenerative economy in Southeast Alaska. They provide small business lending, technical and educational resources, and coaching programs, centered around Indigenous knowledge and values of land and resource stewardship.