Who We Are

Mission
To support the Governor’s and Legislature’s energy strategy to achieve cleaner, cheaper, and more reliable sources of energy while creating jobs and supporting local economic development.

 

Vision

To lead the green bank movement by accelerating private investment in clean energy deployment for Connecticut to achieve economic prosperity, create jobs, promote energy security and address climate change.

 

History
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.

 

Comprehensive Plan
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 CEFIA Comprehensive Plan for Fiscal Years 2015 and 2016.