Clean Energy Finance & Investment Authority

A provision in the latest state budget compromise to take $27.5 million in ratepayer funds from the Connecticut Green Bank would “effectively shut down” the bank, its president, Bryan Garcia, said in an interview Monday.

The Connecticut Green Bank beat out approximately 500 competitors for a government innovation award from Harvard University, which comes with a $100,000 prize.

Two Connecticut Green Bank executives have been named to volunteer positions with a national group that promotes Property Assessed Clean Energy financing -- a Green Bank specialty.

The Connecticut Department of Energy & Environmental Protection and the Clean Energy Finance & Investment Authority each received national recognition from the Clean Energy States Alliance for their programming to proliferate cleaner energy throughout the Nutmeg state.

The Connecticut Clean Energy Finance & Investment Authority failed to fulfill its legal requirements on awarding contracts and reporting its progress to the legislature, according to an audit report issued Tuesday.

The Connecticut Clean Energy Finance & Investment Authority has signed a contract with California-based METIS Financial Network to provide a data and work platform for CEFIA's residential financing programs.

The Connecticut Clean Energy Finance & Investment Authority has secured $24 million in funding from a California private capital provider to pay for renewable and efficient energy projects at business properties.

Connecticut State Sen. Rob Kane (R-Watertown) has introduced legislation to provide $19 million in funding to the Clean Energy Finance & Investment Authority, making up for money that the legislature raided last year to balance the budget.

The state's Clean Energy Finance & Investment Authority announced Thursday it has created a $5 million loan pool with a California financing firm to attract several investors to bankroll residential solar installations.

Dan Esty, the commissioner of the Connecticut Department of Energy & Environmental Protection, will resign in February and return to his position at Yale, Gov. Dannel P. Malloy announced Wednesday.