• 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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  • A National Green Bank in 2017

    The successful state-level Green Banks may be getting a national sibling in 2017. If elected, Secretary Hillary Clinton has pledged to create a $25 billion national infrastructure bank. The bank would fund projects of “regional and national significance” with an emphasis on “projects to modernize our energy, water, broadband, and transportation systems.” Clinton recently vowed […]

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  • Green Banks Will Help Solar Prices Continue to Drop

    According to a new report published by the Department of Energy’s Lawrence Berkeley National Laboratory, installed prices of commercial and residential solar PV systems fell by about 6-14% between 2011 and 2012. The report shows that this drop in price stems from the reduced cost of PV modules. The remainder of the cost, therefore, is […]

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  • Senate

    Senate Committee Hearing: Clean Energy Finance

    CGC would like to congratulate Richard Kauffman – the Chairman of Energy and Finance for New York and a close friend of the Coalition – who testified in front of the Senate Energy and Natural Resources Committee last Thursday in favor of green banks and other important mechanisms for clean energy finance. He said: “State […]

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  • CEFIA

    CEFIA Continues to Receive Praise

    CEFIA continues to receive press covering the announcement of the brand new Solar Lease II. A recent article published by Breaking Energy praises CEFIA’s decision to partner with a group of private banks to invest around $60M in aggregate in solar PV and solar thermal hot water systems at residences and businesses. The article calls […]

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  • Congratulations CEFIA!

    Connecticut’s Clean Energy Finance and Investment Authority (CEFIA) closed on a $60 million deal on Friday that will finance leases for over 2,000 rooftop solar systems for residential and commercial customers. CEFIA contributed $9.5 million to the deal, which attracted more than $50 million from private banks including US Bancorp, First Niagara Financial Group, and […]

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  • Global

    WWJD? *

    I recently received an invitation to sign a petition from students at my Alma mater urging divestment from fossil fuels. Colorado College is one of more than 200 campuses that have taken a stand against endowment investments in fossil fuels. The movement started on Swarthmore’s campus in 2010 and is designed after the 1980s anti-apartheid campaigns. […]

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  • Liquid Solar

    A Science Daily article this week grabbed me with a headline suggesting “Solar Panels as Inexpensive as Paint?” Reading on, this doesn’t refer exactly to the price point of paint, but to the ease with which solar technology could be installed in the near future. The article details research being done at the University of […]

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  • Why and How: Green Banks

    Why Should Green Banks Loan Money? The bottom line is that green banks offer capital below market cost. As the cost of renewable energy technologies continues to fall, soft costs associated with clean energy deployment (access to startup capital) continue to impede growth in this sector. Here are some specific reasons why green banks should loan money: 1. […]

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