• Connecticut Green Bank Fact Sheet

    Connecticut Green Bank – Organization Fact Sheet A downloadable pdf of this post is available here. CGC has analyzed the audited financial statements of the Connecticut Green Bank to provide insight into the organization’s financial practices. This analysis focuses on the ability of the Green Bank to retain and leverage public financing. This serves as […]

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  • US Green Bank Transactions Exceed $2 Billion Mark

    Since the first Green Banks in the US were founded, the number and investing pace of these institutions has ramped up. CGC reviewed annual reports and transactions at six US-based Green Banks from their inception through fiscal year 2016. At the end of 2016, the transactions these institutions participated in represented more than $1.6 billion of cumulative clean […]

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  • NY Green Bank Financing Facilitates Liquidity, Solar Project Volume

    Last month NY Green Bank (NYGB) closed on a $37.5 million investment in residential solar, which was part of a larger $313.0 million syndicated credit facility to Vivint Solar.  Through this financing, NYGB and its private investment counterparties have enabled Vivint Solar to recapitalize so that it may complete more residential rooftop solar leases/PPAs in […]

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  • Driving Solar Adoption with More Financing, Less Subsidy

    The goal of any government’s solar policy should be to: Rapidly accelerate solar adoption in order to displace fossil fuel-based electricity; Ensure that solar is cheaper than grid power, so customers save money; and Do so at the least possible cost to taxpayers. Green Banks are aligned with these objectives. Achieving these goals requires enabling […]

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  • RI Infrastructure Bank Launches C-PACE

    Rhode Island Follows Connecticut’s Footsteps The Rhode Island Infrastructure Bank (RIIB) has officially launched the state’s C-PACE program. RIIB, Rhode Island’s Green Bank, has followed the Connecticut Green Bank’s successful model of using a centralized statewide PACE administrator. The numbers prove the success of the centralized commercial PACE administration model. Connecticut’s C-PACE program has closed $115 million in […]

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  • Value of Green Bank Model Visible in Connecticut Green Bank Deal

    The Connecticut Green Bank (CGB) recently closed on its biggest solar project financed to date—a 995 kW rooftop solar array was installed at Lesro Industries, a local manufacturer. This deal exemplifies the value of the Green Bank model. The CGB sits at the center of the clean energy finance market in Connecticut, and is tremendously […]

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  • The “Why?” Behind State Green Banks – Reed Hundt, CEO

     At CGC we often get asked about the benefits of Green Banks to states. Most people understand the need to increase investment in clean energy infrastructure, but what is it about the Green Bank model that is helpful for this goal? Why implement a Green Bank to address clean energy challenges locally? We’ve outlined a […]

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  • NY Green Bank’s Business Plan: On Track for Success

    The NY Green Bank recently submitted its 2016 Business Plan which showcased a strong year of performance and plan for the future. Taken together, NY Green Bank’s closed transactions are estimated to have increased renewable energy capacity by 128MW and saved up to 1 million MWh of electricity from efficiency measures. NY Green Bank’s current portfolio of […]

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  • Recent NY Green Bank Deals Show Value of Flexible Financing

    Last week, the New York Green Bank announced it will provide $25 million in working capital to Sunrun, one of the nation’s leading residential solar companies. The NY Green Bank estimates this will accelerate the construction of 5,000 solar projects in New York. The deal comes on the heels of the announcement last month that the […]

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  • Basics of Green Bank Legislation & Structure

    Policymakers and stakeholders often ask CGC what it takes to create a Green Bank, and whether legislation is required to create a Green Bank. Though legislation is not necessary in all states, it is often used to create a new Green Bank financing entity. Legislation can define the mission of the Green Bank institution, name the source of capitalization, determine […]

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