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CT CLEAN ENERGY FUND ANNOUNCES ADDITIONAL FUNDING FOR COMMERCIAL SOLAR PHOTOVOLTAIC (PV) PROGRAM

ROCKY HILL, CT, February 2, 2005 – The Connecticut Clean Energy Fund (CCEF) today announced the allocation of an additional $9,000,000 to its Commercial, Industrial and Institutional Solar Photovoltaic (PV) program. The additional funding is expected to significantly boost the use of solar PV statewide by businesses, non-profit organizations and other institutions.

Solar PV technology – which converts sunlight into electricity – is proven, easily installed, effortlessly maintained and works very well in Connecticut.

“This added funding demonstrates CCEF’s continuing commitment to the development of solar PV projects in our state.” said Lise Dondy, Chief Operating Officer of the Connecticut Clean Energy Fund. “The response to the program in the first year has been excellent and this additional allocation will continue the momentum and market demand for clean energy, especially in electricity constrained areas like Southwest Connecticut.”

Charlie Moret, Managing Director, Marketing for CCEF added, “Early projects under this program have demonstrated how solar PV technology can power buildings effectively, improve the environment and reduce consumption of electricity from the grid. In addition to the expanded funding, in the near future we expect to announce further enhancements to the program.”

CCEF will continue to seek projects that demonstrate solar PV’s potential as a viable distributed-generation resource in Connecticut. The Fund is particularly interested in innovative, replicable PV projects that:
• Relieve electrical load congestion in energy-constrained areas like southwest Connecticut;
• Help build the solar photovoltaic industry in the State;
• Constitute a highly visible application;
• Provide high-value or demonstrate premium-power attributes;
• Reduce barriers to installation;
• Promote environmental benefits.

The complete Program RFP is available from CCEF’s Web site, www.ctcleanenergy.com, or by sending a written request to Connecticut Clean Energy Fund, 999 West St., Rocky Hill, CT 06067

The Connecticut Clean Energy Fund invests in technology to support the creation of supply from renewable sources and fuel cells in order to strengthen Connecticut’s economy, protect community health, improve the environment, and promote a secure energy supply for Connecticut. The Fund, financed by a surcharge on ratepayers’ electric utility bills, is administered by Connecticut Innovations.