The Connecticut Green Bank is the nation’s first green bank.* Established by the Connecticut General Assembly on July 1, 2011 as a part of Public Act 11-80, Connecticut Green Bank supports the Governor’s and Legislature’s energy strategy to achieve cleaner, less expensive, and more reliable sources of energy while creating jobs and supporting local economic development. The Connecticut Green Bank evolved from the Connecticut Clean Energy Fund (CCEF) and the Clean Energy Finance and Investment Authority (CEFIA), which was given a broader mandate in 2011 to become the Connecticut Green Bank.
Our green bank model upended the government subsidy-driven approach to clean energy by working with private-sector investors to create low-cost, long-term sustainable financing to maximize the use of public funds. We continue to innovate, educate and activate to accelerate the growth of green energy measures in the residential (single and multifamily), commercial, industrial, institutional and infrastructure sectors.
The model works. We are deploying more clean energy more quickly and efficiently than ever. Since its inception, the Connecticut Green Bank and its private investment partners have deployed over a $1 billion in capital for clean energy projects across the state. Projects recorded through FY 2016 show that for every $1 of public funds committed by the Green Bank that an additional $6 in private investment occurred in the economy.
Watch Connecticut Green Bank President & CEO Bryan Garcia discuss the Green Bank in the video below.
Our simple promise of increasing affordability and accessibility to green energy has evolved into a greater commitment to our stakeholders.
We believe that everything we do, we do to help people thrive and businesses grow.
We do it in the interest of achieving inclusive prosperity for Connecticut and beyond.
Learn how we do this for:
Sparking a Green Energy Movement
Since our inception, the Connecticut Green Bank has surpassed $1 billion in clean energy investment in Connecticut. And we’re just getting started… what will we spark next?
* A green bank is an entity that accelerates the deployment of clean energy using limited public dollars to attract private capital investment in clean energy projects. In doing so, it makes clean energy more affordable and accessible to consumers.