Foundation invests $3M in CT Green Bank

BY Matt Pilon

A $3.6 billion private foundation said it has invested $3 million in the Connecticut Green Bank.

The money from the Kresge Foundation, based in Michigan, will support the quasi-public agency's solar and energy storage programs targeting affordable housing and other communities, the foundation said.

The Green Bank has ramped up efforts meant to spur solar adoption by low-income homeowners. In 2015, it launched its "Solar For All" program, a public-private partnership with installer and financier Posigen.