About Clean Energy Investment Program

The Florida Opportunity Fund’s Clean Energy Investment Program was created to promote the adoption of energy efficient and/or renewable energy (EE/RE) products and technologies in Florida by providing funding to businesses to increase the use of EE/RE technologies, equipment and materials in the State. Funding for the Program was provided by the US Department of Energy through the American Recovery and Reinvestment Act of 2009 (ARRA) and is administered by the Department of Agriculture and Consumer Services’ Office of Energy.

Funding opportunities afforded under the Program may consist of debt and other instruments, so long as the proposed activities are consistent with the Focus Areas described below. Examples of possible structures for funding opportunities include project financing, asset-based lending, mezzanine financing and equity investments.

The Program’s Focus Areas for investment are:

  • Facility and Equipment Improvement – Implementing, expanding, upgrading or demonstrating energy efficient products, equipment and materials for use by companies in their operations in Florida.
  • Renewable Energy Products – Acquiring, upgrading or demonstrating small-scale renewable energy products, equipment and materials for use by companies in their Florida operations.
  • Process Improvement – Determining potential energy efficiencies and then executing actions to reduce consumption or increase the efficient use of energy in existing production, manufacturing, assembly or distribution processes, including the purchase of equipment and materials to make processes more energy efficient.

The Program may invest alongside additional private capital that will allow funding for activities beyond those permitted by the Program. The Program will target funding opportunities ranging from $500,000 to $5 million. Applicants should reference the Program Overview and Application for additional details regarding permitted activities to ensure comportment of their proposed funding opportunity.