Who We Are
The mission of the Clean Energy Finance and Investment Authority is to support the Governor’s and legislature’s strategies to achieve cleaner, cheaper, and more reliable sources energy through clean energy finance.
The vision of the Clean Energy Finance and Investment Authority is to help ensure Connecticut’s energy security and community prosperity by realizing its environmental and economic opportunities through clean energy finance and investments.
The Clean Energy Finance and Investment Authority (CEFIA), the successor organization to the Connecticut Clean Energy Fund (CCEF), was created by the Connecticut Legislature as a part of Public Act 11-80, An Act Concerning the Establishment of the Department of Energy and Environmental Protection and Planning for Connecticut’s Energy Future. CEFIA invests its resources in an array of enterprises, initiatives and projects aimed to attract and deploy capital to finance the clean energy goals of Connecticut, develop and implement strategies that lower the cost of clean energy to make it more accessible and affordable to consumers and reduce reliance on grants, rebates and other subsidies and move toward innovative low-cost financing of clean energy deployment.
CCEF, which was created in 2000 by the Connecticut Legislature, funded more than $ 150 million in renewable energy projects, emerging technology investments and education and awareness programs statewide.
Governance and Funding
The Clean Energy Finance and Investment Authority's programs are funded from a variety of sources including a surcharge on residential and commercial electric bills, Regional Greenhouse Gas Initiative auction allowance proceeds, federal funds and grants, private capital in the form of contracts entered into with investors and other sources. The fund is overseen by the Clean Energy Finance and Investment Authority Board of Directors, which approves the Comprehensive Plan, policies, programs and funding. For a full description of CEFIA's legislative mandate, see Section 16-245n of the Connecticut General Statutes by clicking here.
The state legislature requires the Clean Energy Finance and Investment Authority Board to develop a comprehensive plan that outlines strategies to support renewable energy sources and related enterprises, and to stimulate demand for renewable energy. Click here to download the Clean Energy Finance and Investment Authority Comprehensive Plan FY 2013 - FY 2015
Annual Report of Activities of the Clean Energy Finance and Investment Authority During Fiscal Year 2012
CEFIA will post an annual report of activities for Fiscal Year 2012 by no later than the 4th Quarter of 2012.
In an effort to continuously improve our programs, CEFIA periodically has independent evaluations performed. Click here for latest Installed Capacity evaluations. Click here for Emerging Technologies evaluations. Click here for Community Education and Awareness evaluations.