Creating the Nation's First State-Level Green Bank, Online Training, March 15

[Matthew Slavin]

For those interested in a Green Bank for DC, please see the below on Connecticut's model.

From: EUCI Events [mailto:eve...@eucievents.com]
Sent: Wednesday, February 08, 2012 10:32 AM
To: ccceo
Subject: Creating the Nation's First State-Level Green Bank, Online Training, March 15

 

EUCI   Creating the Nation's First State-Level Green Bank - Connecticut's Clean Energy Finance and Investment Authority March 15, 2012 :: 12:00 - 1:30 p.m. Eastern Time :: Online Training Event links Download Brochure Full Agenda Instructor Register Now Other events 3rd Annual Midwestern Transmission Conference February 27-28, 2012 - Chicago, IL 3rd Annual Renewable-Energy Development on Federal Lands March 28-29, 2012 - Las Vegas, NV Small MW Wind: Innovative Markets March 29-30, 2012 - Las Vegas, NV Solar Power Purchase Agreements April 12-13, 2012 - Las Vegas, NV EUCI JobBoard! New jobs posted. Click here to view. Post job openings, post your resume, and find open positions throughout the energy industry! Sign up for our free newsletter. Having trouble reading this e-mail? View it in your browser. Overview In July of 2011 Connecticut became the first state in America to create a clean energy financing authority. With the goal of scaling up the deployment of energy efficiency and renewable energy, the Clean Energy Finance and Investment Authority’s (CEFIA) focus is to attract and deploy capital to help Connecticut meet its clean energy goals. CEFIA will use the tools of finance to support cost-effective energy efficiency, scale up the deployment of renewable energy in the state, and support the infrastructure needed to lead the clean energy economy in Connecticut. Only in its infancy, it has already won competitive federal clean energy solicitations as a result of its innovative structure and its promising future. Join us to learn how Connecticut faced the challenge of how to use limited government resources to attract investment in the state to build its clean energy capacity.   Topics include Clean Energy Finance and Investment Authority Clean energy policy in Connecticut - Public Act 11-80 Connecticut is now "open for business" Competitive environment drives down costs Creating the nation’s first green bank Attracting and deploying private capital to further ratepayer benefits Getting started Governance, relationship building, stakeholder outreach and input, etc. Strategic direction Deployment-focused, supporting CT in meeting its clean energy goals Financing clean energy deployment Finance: a different lens than subsidies Repurposed ARRA funds Creating a suite of financing options   Instructed By Bryan Garcia, President and CEO, Clean Energy Finance and Investment Authority Copyright © 2012 EUCI If you no longer wish to get these e-mails, you may delete your name from our distribution lists here.

 

CONFIDENTIALITY NOTICE: This electronic communication, including any attachments, is intended solely for the use of its intended recipient(s) and might contain information that is legally privileged, confidential, proprietary in nature, or otherwise exempt from disclosure under applicable law. If you are not the intended recipient, any distribution or copying of this electronic communication (including any attachments) is strictly prohibited. If you are not the intended recipient, please delete it (including any attachments) from your system without copying or forwarding it, and notify the sender of the error by reply e-mail.

CONFIDENTIALITY NOTICE: This electronic communication, including any attachments, is intended solely for the use of its intended recipient(s) and might contain information that is legally privileged, confidential, proprietary in nature, or otherwise exempt from disclosure under applicable law. If you are not the intended recipient, any distribution or copying of this electronic communication (including any attachments) is strictly prohibited. If you are not the intended recipient, please delete it (including any attachments) from your system without copying or forwarding it, and notify the sender of the error by reply e-mail.

[Ruth Caplan]

Matt, Is there a way to learn more about the CT green bank without having to register for this course which costs $295 according to the brochure?

On 2/23/12 4:10 PM, Matthew Slavin wrote:

For those interested in a Green Bank for DC, please see the below on Connecticut's model.

From: EUCI Events [mailto:eve...@eucievents.com]
Sent: Wednesday, February 08, 2012 10:32 AM
To: ccceo
Subject: Creating the Nation's First State-Level Green Bank, Online Training, March 15

�

EUCI

�

Overview In July of 2011 Connecticut became the first state in America to create a clean energy financing authority. With the goal of scaling up the deployment of energy efficiency and renewable energy, the Clean Energy Finance and Investment Authority�s (CEFIA) focus is to attract and deploy capital to help Connecticut meet its clean energy goals. CEFIA will use the tools of finance to support cost-effective energy efficiency, scale up the deployment of renewable energy in the state, and support the infrastructure needed to lead the clean energy economy in Connecticut. Only in its infancy, it has already won competitive federal clean energy solicitations as a result of its innovative structure and its promising future.

Join us to learn how Connecticut faced the challenge of how to use limited government resources to attract investment in the state to build its clean energy capacity.

� Topics include

Clean Energy Finance and Investment Authority

Clean energy policy in Connecticut - Public Act 11-80 Connecticut is now "open for business" Competitive environment drives down costs

Creating the nation�s first green bank

Attracting and deploying private capital to further ratepayer benefits

Getting started Governance, relationship building, stakeholder outreach and input, etc. Strategic direction Deployment-focused, supporting CT in meeting its clean energy goals Financing clean energy deployment Finance: a different lens than subsidies Repurposed ARRA funds Creating a suite of financing options

�

Instructed By Bryan Garcia, President and CEO, Clean Energy Finance and Investment Authority

Copyright � 2012 EUCI

If you no longer wish to get these e-mails, you may delete your name from our distribution lists here.

�

CONFIDENTIALITY NOTICE: This electronic communication, including any attachments, is intended solely for the use of its intended recipient(s) and might contain information that is legally privileged, confidential, proprietary in nature, or otherwise exempt from disclosure under applicable law. If you are not the intended recipient, any distribution or copying of this electronic communication (including any attachments) is strictly prohibited. If you are not the intended recipient, please delete it (including any attachments) from your system without copying or forwarding it, and notify the sender of the error by reply e-mail.

CONFIDENTIALITY NOTICE: This electronic communication, including any attachments, is intended solely for the use of its intended recipient(s) and might contain information that is legally privileged, confidential, proprietary in nature, or otherwise exempt from disclosure under applicable law. If you are not the intended recipient, any distribution or copying of this electronic communication (including any attachments) is strictly prohibited. If you are not the intended recipient, please delete it (including any attachments) from your system without copying or forwarding it, and notify the sender of the error by reply e-mail.

--
You received this message because you are subscribed to the Google Groups "Sustainable DC Green Economy" group.
To post to this group, send email to sustainable-dc...@googlegroups.com.
To unsubscribe from this group, send email to sustainable-dc-green...@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/sustainable-dc-green-economy?hl=en.

[Matthew Slavin]

Ruth,

The CEFIA web site is at http://www.ctcleanenergy.com/default.aspx. CEFIA as created from the state's Clean Energy Fund. I've also attached a brochure on CEFIA. 

I will be participating in the below March 15 training and will be happy to share what I learn afterward.

Best,

Matt

On Thu, Feb 23, 2012 at 9:46 PM, Ruth Caplan <rca...@igc.org> wrote:

Matt, Is there a way to learn more about the CT green bank without having to register for this course which costs $295 according to the brochure?

On 2/23/12 4:10 PM, Matthew Slavin wrote:

For those interested in a Green Bank for DC, please see the below on Connecticut's model.

From: EUCI Events [mailto:eve...@eucievents.com]
Sent: Wednesday, February 08, 2012 10:32 AM
To: ccceo
Subject: Creating the Nation's First State-Level Green Bank, Online Training, March 15

 

EUCI   Creating the Nation's First State-Level Green Bank -

Overview In July of 2011 Connecticut became the first state in America to create a clean energy financing authority. With the goal of scaling up the deployment of energy efficiency and renewable energy, the Clean Energy Finance and Investment Authority’s (CEFIA) focus is to attract and deploy capital to help Connecticut meet its clean energy goals. CEFIA will use the tools of finance to support cost-effective energy efficiency, scale up the deployment of renewable energy in the state, and support the infrastructure needed to lead the clean energy economy in Connecticut. Only in its infancy, it has already won competitive federal clean energy solicitations as a result of its innovative structure and its promising future.

Join us to learn how Connecticut faced the challenge of how to use limited government resources to attract investment in the state to build its clean energy capacity.

Topics include

Clean Energy Finance and Investment Authority

Clean energy policy in Connecticut - Public Act 11-80 Connecticut is now "open for business" Competitive environment drives down costs

Creating the nation’s first green bank

Attracting and deploying private capital to further ratepayer benefits

Getting started Governance, relationship building, stakeholder outreach and input, etc. Strategic direction Deployment-focused, supporting CT in meeting its clean energy goals Financing clean energy deployment Finance: a different lens than subsidies Repurposed ARRA funds Creating a suite of financing options

Instructed By

Bryan Garcia, President and CEO, Clean Energy Finance and Investment Authority

Copyright © 2012 EUCI

If you no longer wish to get these e-mails, you may delete your name from our distribution lists here.

CONFIDENTIALITY NOTICE: This electronic communication, including any attachments, is intended solely for the use of its intended recipient(s) and might contain information that is legally privileged, confidential, proprietary in nature, or otherwise exempt from disclosure under applicable law. If you are not the intended recipient, any distribution or copying of this electronic communication (including any attachments) is strictly prohibited. If you are not the intended recipient, please delete it (including any attachments) from your system without copying or forwarding it, and notify the sender of the error by reply e-mail.

CONFIDENTIALITY NOTICE: This electronic communication, including any attachments, is intended solely for the use of its intended recipient(s) and might contain information that is legally privileged, confidential, proprietary in nature, or otherwise exempt from disclosure under applicable law. If you are not the intended recipient, any distribution or copying of this electronic communication (including any attachments) is strictly prohibited. If you are not the intended recipient, please delete it (including any attachments) from your system without copying or forwarding it, and notify the sender of the error by reply e-mail.

--
You received this message because you are subscribed to the Google Groups "Sustainable DC Green Economy" group.
To post to this group, send email to sustainable-dc...@googlegroups.com.
To unsubscribe from this group, send email to sustainable-dc-green...@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/sustainable-dc-green-economy?hl=en.

[Matthew Slavin]

Also, I'm not sure if everyone is familiar with Shorebank Pacific, a community bank that served the Pacific Northwest, focused upon lending to sustainable businesses and non-profit enterprises. It was a subsidiary of Chicago based Shorebank, which pioneered socially beneficial community development lending in under served communities.

Unfortunately Shorebank is no longer in business, having been acquired by One California Bank in the aftermath of the banking crisis. Shorebank is now operating as One Pacific Coast Bank (http://www.onepacificcoastbank.com/), still with a sustainability mission, however.

[Steve Seuser]

Shorebank's model is similar to City First Bank of DC, investing in affordable housing, small businesses, and other investments in undercapitalized neighborhoods as a community development financial institution (CDFI).  CDFIs receive a range of private investments plus some federal investments through programs at the U.S. Treasury.  

A Green Bank is yet another model, as in the Connecticut entity you notes focuses on energy efficiency and renewable energy investments.  This is similar to the type of role the DC SEU could play if it were reorganized as a actual independent entity (nonprofit or government chartered organization) with an independent governing board of directors and the ability to issue private bonds to capitalize significant investments, as the Delaware SEU has done for energy efficiency already.  The Delaware SEU has a relatively small annual budget and leverages millions of dollars of investment capital and the expertise of ESCOs (energy service companies) to monetize and guarantee the future energy cost savings for energy investments it funds.

The DC Public Bank is a different model Ruth described earlier as a state-level bank that holds the deposits of the state (DC in our case) government and invests them in a range of local projects. 

I want to differentiate these three models so everyone is clear of the three roles they play, all potentially important in financing a green economy.  The third model is the one that has been vetted through the Sustainable DC Green Economy working group.  THe second model is on the table for the Energy working group's recommendations for the DC SEU.  People are of course welcome to explore taking additional actions.

Steve Seuser

On Feb 24, 2012, at 8:07 AM, Matthew Slavin wrote:

Also, I'm not sure if everyone is familiar with Shorebank Pacific, a community bank that served the Pacific Northwest, focused upon lending to sustainable businesses and non-profit enterprises. It was a subsidiary of Chicago based Shorebank, which pioneered socially beneficial community development lending in under served communities.

Unfortunately Shorebank is no longer in business, having been acquired by One California Bank in the aftermath of the banking crisis. Shorebank is now operating as One Pacific Coast Bank (http://www.onepacificcoastbank.com/), still with a sustainability mission, however.

On Fri, Feb 24, 2012 at 7:32 AM, Matthew Slavin <matti...@gmail.com> wrote:

Ruth,

The CEFIA web site is at http://www.ctcleanenergy.com/default.aspx. CEFIA as created from the state's Clean Energy Fund. I've also attached a brochure on CEFIA. 

I will be participating in the below March 15 training and will be happy to share what I learn afterward.

Best,

Matt

On Thu, Feb 23, 2012 at 9:46 PM, Ruth Caplan <rca...@igc.org> wrote:

Matt, Is there a way to learn more about the CT green bank without having to register for this course which costs $295 according to the brochure?

On 2/23/12 4:10 PM, Matthew Slavin wrote:

For those interested in a Green Bank for DC, please see the below on Connecticut's model.

From: EUCI Events [mailto:eve...@eucievents.com]
Sent: Wednesday, February 08, 2012 10:32 AM
To: ccceo
Subject: Creating the Nation's First State-Level Green Bank, Online Training, March 15

 

<Mail Attachment.jpeg> EUCI

Creating the Nation's First State-Level Green Bank - Connecticut's Clean Energy Finance and Investment Authority March 15, 2012 :: 12:00 - 1:30 p.m. Eastern Time :: Online Training

Event links <Mail Attachment.jpeg> <Mail Attachment.jpeg> Download Brochure <Mail Attachment.jpeg> Full Agenda <Mail Attachment.jpeg> Instructor <Mail Attachment.jpeg> Register Now Other events <Mail Attachment.jpeg>

3rd Annual Midwestern Transmission Conference February 27-28, 2012 - Chicago, IL 3rd Annual Renewable-Energy Development on Federal Lands March 28-29, 2012 - Las Vegas, NV Small MW Wind: Innovative Markets March 29-30, 2012 - Las Vegas, NV Solar Power Purchase Agreements April 12-13, 2012 - Las Vegas, NV EUCI JobBoard! New jobs posted. Click here to view. Post job openings, post your resume, and find open positions throughout the energy industry!

Sign up for our free newsletter.

<Mail Attachment.jpeg>

[Matthew Slavin]

As follow up on the Green Bank discussion, I am attaching a couple of articles I wrote in case useful. They are dated (2009), but outline in brief how a Green Bank would work – by selling bonds and using the proceeds to back investments in green power, energy efficiency upgrades and bringing existing commercial buildings up to LEED green building standards. In case of interest.

Matt