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Project Development

The CCEF is looking for projects that demonstrate the viability of clean energy technologies in the development of electric power stations. The fund will consider large and small projects for both merchant and distributed generation applications. CCEF is willing to consider development projects in all the core technology areas:

  • Solar energy
  • Wind
  • Fuel cells
  • Landfill gas
  • Biomass conversion
  • Ocean thermal energy
  • Wave or tidal energy
  • Emerging non-fossil technologies

Financial structures considered for development projects are equity in the project company or special purpose entity for the project. Financing is generally staged through the project development period.

Here are the steps we'll take to evaluate your project as an investment opportunity. We'll decide after each stage whether to move on to the next, and we'll communicate that to you right away.

  1. Initial Screening - An investment manager will evaluate your projects's strategic fit with CCEF. This process can be initiated by completing the Request for Funding Consideration.
  2. Initial Review - An investment manager will review your Funding Application and placement memo or feasibility analysis.
  3. In-Depth Analysis - Our in-depth analysis may include meetings with your senior executives, review of your financial plan, discussions with customers (with your coordination), review by technology and market experts, and assessment of intellectual property.
  4. Your Presentation - If deemed necessary, your management team will have the opportunity to make a personal presentation on your business and financial strategies.
  5. Decision - The investment manager will formally present your proposal for a decision by CCEF's advisory and CI's finance committees. The presentation will include a discussion of risks and benefits, as well as recommendations for level and structure of financing.
  6. Terms and Closing - Once the Finance Committee approves the investment and your company and CCEF have agreed to the terms, CCEF's legal counsel will prepare closing documents.
  7. Continued Support - CCEF's investment in your business goes beyond dollars and cents. You can depend on us to support you in countless non-financial ways, including attendance at board meetings, advice on business and financial strategies, and introductions to potential investors and partners.

Download the Request for funding form

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Connecticut Innovations
© 2004 Connecticut Clean Energy Fund