National Leader, Connecticut Green Bank Reaches Milestone in Project Financing
/The Connecticut Green Bank’s C-PACE program recently surpassed $100 million in closed project financing. Out of the 19 states with C-PACE (Commercial Property Assessed Clean Energy) programs, this project financing level is second only to California, according to officials.
The Connecticut Green Bank’s C-PACE program reached the milestone of $100 million in total closed project financing. The solar photovoltaic (PV) and energy efficiency projects, which vary in size and scope, are saving more than $9.29 million annually in energy costs for nearly 170 building owners across multiple sectors. 
The Green Bank, which administers the C-PACE program, seeks to make green energy more accessible and affordable to commercial and industrial property owners by providing no money down long-term financing for meaningful energy upgrades to their buildings.
C-PACE enables building owners to finance qualifying energy efficiency and renewable energy improvements through a voluntary assessment on their property tax bill. As the program grows, more Connecticut businesses can achieve lower energy costs. Reaching $100 million in closed project financing reaffirms Connecticut’s program as a national leader, officials indicated.
Since its inception in 2011, 166 C-PACE projects have been closed in 69 of the 128 municipalities that have opted into the program. C-PACE funds have been used in manufacturing facilities, non-profits, houses of worship, retail establishments, office buildings, and other business entities. The projects consist of solar installations, new
boilers, energy efficiency lighting measures, HVAC systems, and other energy improvements that help building owners to take control of their energy costs.
“Connecticut’s Green Bank has really been the national leader for C-PACE,” said David Gabrielson, the Executive Director of PACENation, the national non-profit that supports development of PACE programs nationwide. “The way they administer their program has really served as a great example for other program administrators throughout the U.S., and we congratulate the entire Green Bank team on this impressive milestone.”
The project that propelled the Green Bank over this milestone will be installed at Farmington Sports Arena (FSA). FSA is a 130,000-square foot modern indoor sports facility that is home to four indoor and three outdoor artificial turf fields as well as four natural grass outdoor fields. The project, which will be installed by 64 Solar, consists of two solar PV systems (170 kW total).
Connecticut’s C-PACE program maintains an open market approach, allowing private capital providers to finance projects for building owners, and, in 2015, the Green Bank reached an agreement that provided it access to up to $100 million in private funding for C-PACE projects. Today, nearly 70% of the funding in the program consists of private capital.
“The Connecticut Green Bank is a leader in the green energy movement, but the rapid growth of C-PACE wouldn’t be possible
without the support of our contractors, capital providers, municipal officials, and other stakeholders who have contributed to the C-PACE movement,” said Mackey Dykes, Vice President of Commercial, Industrial and Institutional programs at the Connecticut Green Bank. “There is still significant potential for energy improvements for Connecticut businesses and non-profits, and we look forward to bringing cleaner and cheaper energy to more building owners across the state.”
The website Energy Collective noted recently that “states have and will continue to play a key role in leading the clean energy transition,” highlighting the work in Connecticut as among the national models.
“Connecticut has found a way to
make the financing of clean energy deployment more accessible and affordable for consumers and businesses. In 2011 the state legislature created the Connecticut Green Bank, the nation’s first green bank. It uses public funds to attract private capital investment in green energy projects. By leveraging private investment, the Green Bank significantly increases the total amount of financing available for clean energy projects.
The site highlighted that “Among the Green Bank’s most successful initiatives is the Commercial Property Assessed Clean Energy (C-PACE) program, which allows commercial property owners to pay for clean energy or efficiency upgrades over time through their property taxes.
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, 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.
https://youtu.be/kPqO4QlTkDU





The report noted that “Medicaid beneficiaries are prescribed opioids at twice the rate of the rest of the population, and research indicates they are at 3 to 6 times greater risk of a fatal overdose.” The report also observed the impact of the epidemic on the nation’s prison population: Eighty percent of prisoners have a history of drug abuse; 50 percent are addicted to drugs; 60 to 80 percent of prisoners abusing drugs commit a new crime after release; and approximately 95 percent of addicted prisoners relapse when they’re released, according to National Association of Drug Court Professionals (NADCP) data.


For example, almost a quarter (23%) of Connecticut workers in science, technology, engineering, and math fields such as healthcare and bioscience were immigrants. Over 36,000 foreign-born Connecticut residents are self-employed, with immigrant-owned businesses generating $1.1 billion income in 2014 while employing 73,047 people. “Immigrants are already playing a huge part ensuring that Connecticut remains a leading innovator in industries like healthcare and bioscience,” according to the analysis.

In May, Jepsen announced that Connecticut joined with 46 other states and the District of Columbia in an $18.5 million settlement with the Target Corporation to resolve the states' investigation into the retail company's 2013 data breach. The settlement represented the largest multistate data breach settlement achieved to date. That breach affected more than 41 million customer payment card accounts and contact information for more than 60 million customers. Connecticut will receive $1,012,936 from the settlement, which will be deposited in the state's General Fund.

A pilot partnership between the AGP and CCSU establishes a new base of operations for the 
Márquez-Greene will also work with the School of Education & Professional Studies to establish a Center for Social & Emotional Learning to provide education, training, and research to the campus, community, and state. Other expected collaborations include the training of CCSU undergraduate and graduate students in the Marriage & Family Therapy, Psychology, and Counseling programs in the use of social-emotional curriculum in the classroom.


The Hartford Line will act as a regional link with connections to existing rail services, including Metro-North, Shoreline East, and Amtrak Acela high-speed rail services on both the New Haven Line to New York and on the Northeast Corridor to New London and Boston. There will also be direct bus connections to the Bradley Airport Flyer and to CTfastrak. With a heightened level of direct and connecting service linking the region, the hope is that towns along the future Hartford Line will become magnets for growth – ideal places to live and to relocate businesses that depend on regional markets and travel.
Also, very much a part of the strengthening transportation options with the potential to spur economic development is 