New Crowdfunding Investment Offering Launched
On Dec. 14, CGB Green Liberty Notes LLC, a Connecticut Green Bank subsidiary, launched its new Green Liberty crowdfunding campaign. Green Bank President and CEO Bryan Garcia and Chief Investment Officer Bert Hunter share some insight below. This offering allows citizens to invest in our mission of confronting climate change while helping support small businesses in Connecticut. Learn more at www.greenlibertynotes.com.
The final webinar in our 2021 series introduced Energy Storage Solutions, a new energy storage program designed to help Eversource and UI customers install batteries at their home or business. The program launches on January 1, 2022, and is overseen by the Public Utilities Regulatory Authority (PURA), is paid for by electric ratepayers, and is administered by the Green Bank, Eversource, and UI. Learn about the program here.
Westville Seafood in New Haven recently added a solar photovoltaic (PV) system to their roof using financing through the Commercial Property Assessed Clean Energy (C-PACE) program. Westville Seafood has been serving customers with a variety of fried and grilled seafood dishes, as well as soups, salads, and sandwiches since 2008. The 32.56 kW solar system is projected to produce energy cost savings of more than $240,000 over the 25-year effective useful life of the panels.
The Green Bank’s Board of Directors was recently honored with two new appointments: Stratford Mayor Laura Hoydick and Dominick Grant, Director of Investment, Dirt Capital Partners. Mayor Hoydick brings extensive background in economic development, property management, and local and state leadership to the Board, while Dominick Grant brings extensive experience in land-based investing and agriculture. You can read more about Mayor Hoydick here and more about Dominick Grant here.
In October, the Green Bank announced the installation of a 39.6 kW solar photovoltaic system at Park Hill, a housing complex owned by the East Windsor Housing Authority. The low income, elderly and non-elderly property is comprised of 84 garden style apartments, three laundry rooms, and large community hall/office building. The Housing Authority has agreed to a 20-year power purchase agreement (PPA) in which they buy the electricity generated by the system at a fixed reduced cost. The PPA will save the Housing Authority approximately $130,000 on their electricity costs over the agreement term. Click for more details.
An article in the Hartford Business Journal on Nov. 29 mentioned C-PACE financing as a way for commercial property owners to make energy-related upgrades. The article also announced one of the latest organizations to access C-PACE financing, Mystic Aquarium, to implement energy efficiency measures and add solar in the spring. Read the article here.
MAYA Tool Provides Municipal & Regional Data on the Impact of Green Bank Supported Clean Energy Projects
Our new interactive digital Mapping Analysis of Your Area (MAYA) tool provides access to our database of green energy projects with the impacts these investments are having across Connecticut. MAYA offers accessible impact data in categories that include: investment deployed; jobs created; tax revenue generated; public health benefits; energy outcomes; avoided emissions; greenhouse gas avoidance equivalencies. Access MAYA here.