• 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 […]

    Continue reading
  • CGC’s Resources Page: Full of Excellent Content

    As part of the redesign of CGC’s website, we have now posted many of CGC’s work products and presentations on our new Resources Page. This includes presentations delivered at conferences, lectures delivered at universities, and full Green Bank studies produced in partnership with various state governments. We’ve also linked to excellent Green Bank materials produced […]

    Continue reading
  • PRESS RELEASE: Nation’s First Local Green Bank Designated in Montgomery County, MD

    Yesterday, the nation’s first local Green Bank, the Montgomery County Green Bank, was designated as the County’s official Green Bank by the Montgomery County (MD) Council. The Montgomery County Green Bank will allow residents and businesses in Montgomery County to access low-cost financing for clean energy and energy efficiency projects. In response to the official […]

    Continue reading
  • 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 […]

    Continue reading
  • PRESS RELEASE: New Congressional legislation would create a National Green Bank

    FOR IMMEDIATE RELEASE: 7/20/2016 WASHINGTON, DC: Rep. Chris Van Hollen (D-MD) has introduced H.R. 5802, the United States Green Bank Act of 2016, which establishes a National Green Bank to provide financing to regional, state, and local Green Banks. Seven Democratic representatives are co-sponsoring the bill: Earl Blumenauer (OR), Matt Cartwright (PA), Gerry Connolly (VA), […]

    Continue reading
  • New CGC White Paper on Green Bank Best Practices

    The Coalition for Green Capital is excited to provide the latest and greatest thinking on the Green Bank concept in its new Green Bank White Paper! The concept of a Green Bank—a financing institution that leverages private capital into clean energy projects—has been around for a while. The Coalition for Green Capital (CGC) has been […]

    Continue reading
  • 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 […]

    Continue reading
  • Green Banks: New IRENA Reports Highlights the Role of Risk Mitigation in Climate Finance

    At the historic Paris climate summit in 2015, governments raised their level of climate ambition and agreed to hold global average temperature increases to well below 2°C above pre-industrial levels and to pursue efforts to limit temperature rise to 1.5°C. To achieve this goal, immediate, deep cuts in global carbon emissions are required. Shifting to […]

    Continue reading
  • 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 […]

    Continue reading
  • 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 […]

    Continue reading