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
My doctor, who knows that I understand physics and renewable energy in particular, asked me today what I thought about wind turbines on boats.
I explained that, since boats need their own ways to generate electricity, what is called “small wind” may make sense. Most ships have diesel-powered generators, and that’s an option for smaller craft as well, and solar is not an attractive option because of the small area.
Doctors generally don’t have time to kill, but he asked me further about small wind, to which I explained:
Because the area of a circle is proportional to the square of the radius, big is better. If you can build a turbine with a radius 100 times larger than a small one, you’re going to generate 10,000 time more power.
Because the power generated by a turbine is proportional to the cube of the wind’s velocity, if you can site a turbine in wind conditions that are 10 times those on your rooftop, with trees and other buildings slowing the wind down, you’re going to generate 1000 times more power.
So, as usual, the answer resides in physics and math. 1000 times 10,000 is 10 million, which is why we see huge turbines on structures that lift huge turbines high above the ground, and it’s why the small wind industry has essentially disappeared.
If you don’t understand elementary school math and high school science, and you have money to burn, the investment offered at left may be right for you.
It’s interesting that there is no Fox News (or equivalent) in Canada.
The Canadians have protections of free speech that are very similar to ours in the States, and, like the U.S., these rights are not absolute. One difference is that Canada prohibits gross misrepresentation, which, in this case means that presenting opinions and calling it “news” is against the law. Lies are fine; calling them “news” is not.
A possible name for a show with the same content might be “Conservative Viewpoints” or “The Way the Right Wing Sees the World.”
Where Canada protects its people from malicious bullshit, in America we say, “Money talks.”
Former Labor Secretary Robert Reich makes an excellent point at left.
The constant onslaught of distractions coming out of Trump’s mouth is calculated make us give up striving for truth, honesty, and environmental responsibility.
We mustn’t quit.
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