Municipal Investment Fund
Building a Brighter Energy Future for Virginia
Electricity rates are rising, putting serious economic pressure on households and businesses.
The need for affordable, effective energy that allows Richmond to meet its climate goals by 2050 is more urgent than ever.
To address this, The City of Richmond in partnership with C3, has been selected as part of a highly competitive, nationwide program to be one of the 52 initial cohort communities to receive a grant of $250,000 from the Coalition for Green Capital’s Municipal Investment Fund(MIF) to secure local clean energy access and advance local solutions through solar development.
Elevate Local Leadership: Showcase how Richmond is driving clean energy solutions tailored to community needs.
Build Project Pipeline: Develop a self-sustaining market for clean solar, battery storage, and microgrid projects in Richmond across multiple market sectors (municipal, residential, commercial), with a focus on maximizing benefits for low-income and disadvantaged communities (LIDAC).
Create Community Benefit: Reduce energy costs for residents, create new local jobs, and advance climate goals.
Attract Investment: Establish strong partnerships that will build credibility and scale to unlock future public and private sector funding.
