By: greenbank On: December 01, 2017 In: Comments: 0

Per Public Act 11-80 Section 103, the Green Bank developed a three-year pilot program for AD by setting aside US$2 million a year for three years – for a total of US$6 million. Funds to support the pilot programs can be used as grants, power purchase agreements or loans. There are to be no more than five (5) AD projects, each no more than 3 MW in size at a support for projects of no more than US$450 per kW on a grant basis.

Through a subordinated debt position at 2% for 15 years, CGB serves 20% of the capital stack of food waste to energy projects that serve to reduce food and solid waste, while producing on-site renewable energy for waste water treatment plants in Connecticut.

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