Clean energy finance in Connecticut just got a major boost. On Dec. 17, Hannon Armstrong agreed to provide up to $100 million in funding for the Connecticut Green Bank’s C-PACE (Commercial Property-Assessed Clean Energy) program. The deal represents a major milestone for an initiative that has already funneled upwards of $70 million toward renewable energy and energy efficiency.
Crowdfunding solar power allows companies to diversify and expand their capital sources but requires careful risk management, according to a panel called "Crowdfunding for Renewable Energy Projects: How Big Could It Be?" at the Bloomberg New Energy Finance Future of Energy Summit on April 8.
The phrase ‘low-income’ rarely appears in solar energy press coverage in the United States. But some enterprising organizations have set their sights on expanding the market for residential solar photovoltaics to include low-to-moderate-income communities. Three approaches – group discount programs, affordable leases, and community solar installations – are making solar power available to these communities in some states.
Last Friday, the Clean Energy Finance Forum spoke with Reed Hundt, CEO of the Coalition for Green Capital, which has led the movement to create green banks in the United States during the last several years. Green banks are financial institutions that use public funding to leverage private financing of clean energy. Hundt said it is urgent for states to start green banks to finance clean energy as they move away from coal and toward meeting their renewable energy standards. He said green banks can multiply financing resources by a factor of 10.