The Connecticut Green Bank has doubled its funding, to $110 million, for commercial-scale PV projects by businesses, towns, schools, non-profits and state agencies.
Originally approved in 2020 at $49.5 million, the allocation was increased to $110 million due to ongoing demand by customers seeking to utilize solar to reduce their costs as well as take advantage of opportunities created through the Inflation Reduction Act.
To date, the facility has been used for $30 million in capital for over 100 solar projects totaling 25 MW across the state under PPAs with manufacturers, schools, nonprofits and tourist destinations.
“The increased need for funding reflects the success of the state’s Non-Residential Energy Solutions program and the increase in federal incentives that are enabling more investment in and deployment of clean energy in our communities,” says the Green Bank’s Bert Hunter.
“Businesses, schools, and towns are looking for relief from higher energy costs and protecting themselves against grid outages. At the same time, these projects help achieve the governor’s goal to achieve a zero-carbon electric grid by 2040.”
Also approved was increased funding for state projects under the bank’s Solar Marketplace Assistance Program (MAP). Through the program, the Green Bank assists in site feasibility analysis, incentive procurement and facilitating a procurement process for development and construction.
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Connecticut Green Bank Approves $110M in Financing for Large-Scale Projects
A judge has ruled that New York State’s climate “superfund,” modeled after laws that provide money to clean up toxic waste, runs counter to federal law and is therefore invalid.Eventually, we will have laws that force companies whose actions are ruining the planet to pay for the remediation that must happen to avert environmental collapse. In the meanwhile, we need to expect the fossil fuel industry to continue its ruthless legal attack such legislation.
Climate “Superfund” Will Require Legislation at the Federal Level
The idea expressed at left, i.e., that Trump’s arch–or any single action Trump has taken towards self-aggrandizement is causing is approval rate to plummet–is fallacious.
Sure, a great many of his similar efforts, e.g., putting his name on the Kennedy Center, or issuing coins with his image on them, rankled our souls as Americans.
But let’s face facts, Trump’s approval rating is hovering at just above 30%, meaning that about one-third of U.S. voters don’t care that he’s a petty, spoiled child, a convicted felon, and one of the most despicable people in the history of humankind.
There Is No Single Act that Would Crash Trump’s Approval Rating
Here’s proof (as if any were needed) that Trump understands that he’s despised and knows that his claims that he’s “respected around the world” are total bullshit.
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