Green Liberty Investment Offerings Continue to Exceed Maximum Raise Amount Thanks to Citizen Demand
Ten consecutive raises have exceeded their maximums, more than $3.3 million has been raised cumulatively from investors in Connecticut and across the country
Hartford, CT (March 24, 2025) – CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, successfully closed the twelfth Green Liberty offering, surpassing its maximum raise amount for the tenth consecutive time. More than 90 investments were received in original increments of $1,000 or less, a new record. To allow for more investors to participate in this innovative and certified green investment opportunity, this was the sixth offering that featured a maximum raise limit of $350,000. In total, more than $3.3 million has been raised from Connecticut citizens and nationwide investors in support of small businesses improving their energy efficiency and reducing their energy costs. This was the first issuance offered through the Green Bank’s partnership with Honeycomb Credit using their online crowdfunding website.
Green Liberty Notes, which are offered quarterly, can be purchased with a minimum investment of just $100. To date, more than 60% of original investments have been $1,000 or less, and more than half of the investors have been Connecticut residents. In total, individuals from 43 states have invested in Green Liberty Notes.
Investments in the Green Liberty offering support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to reduce their energy costs through efficiency upgrades and zero-interest loans. The Connecticut Green Bank and Amalgamated Bank (America’s largest B Corp bank) recently celebrated the purchase of more than $100M of SBEA loans, driving environmental benefits and economic growth in local restaurants, town halls, community organizations, and more.
As a result of the climate benefits associated with the SBEA program, this Green Liberty offering has been reviewed and designated a Green Bond by Kestrel, a leading provider of external reviews for green, social and sustainability bond transactions and a Climate Bonds Initiative Approved Verifier.
“The overwhelming success of these Notes is a testament to the desire of investors to support the green economy while earning a secure, competitive return on their investment. We are excited to see more people from Connecticut and investors from more than 40 states across the country getting involved in these offerings,” said Bert Hunter, EVP and Chief Investment Officer of the Connecticut Green Bank. “In addition to these quarterly offerings, we are looking into other opportunities to help engage and support our communities and to make available to our investors.”
For more information about investment opportunities, please visit invest.ctgreenbank.com.