About CT Green Bank

A green bank accelerates the green economy using limited public dollars to attract multiples of private capital investment. In doing so, clean energy is more affordable and accessible to consumers. Established by the Connecticut General Assembly in July 2011, the Connecticut Green Bank supports the Governor’s and Legislature’s energy strategy to achieve cleaner, less expensive, and more reliable sources of energy while creating jobs and supporting local economic development. In 2021, the Green Bank’s model was expanded to include new areas of environmental infrastructure, related to climate adaptation and resiliency, land conservation, parks and recreation, agriculture, water, waste and recycling, and environmental markets, including carbon offsets and ecosystem services.

• Our Mission: Our mission is to confront climate change by increasing and accelerating investment into Connecticut’s green economy to create more resilient, healthier, and equitable communities.
  
• Our Model: Our green bank model upended the government subsidy-driven approach to clean energy by working with private-sector investors to create low-cost, long-term sustainable financing to maximize the use of public funds.
  
• The model works: We are deploying more clean energy more quickly and efficiently than ever. Since its inception, the Connecticut Green Bank and its private investment partners have deployed over $2.26 billion in capital for clean energy projects across the state. Projects recorded through FY 2022 show that for every $1 of public funds committed by the Green Bank that an additional $7.00 in private investment occurred in the economy.