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March 31, 2016 Connecticut Green Guide

New data shows Green Bank’s evolution

New numbers from the Connecticut Green Bank, created four years ago, shows an ongoing shift in its business model.

The quasi-public agency distributed all of its incentives in grant form when it was founded. Last fiscal year, the grants its provided represented 38 percent of incentives, as the Green Bank has leveraged more private financing.

It now has a private-public funding ratio of three to one, it said this week.

The Green Bank said it has invested a total of $663.2 million since 2012, leading to the installation of nearly 135 megawatts of renewable energy and a 1.4 million ton reduction over the lifetime of the projects it has financed.

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