Wall Street Green Trading Summit announces CEFIA competition for $1 million loan to innovators in PV delivery.
March 18, 2013 (New York) – Today, The Wall Street Green Trading Summit XII announced a capital competition for $1M in low-cost capital for applicants who can deliver the most solar photovoltaic (PV) electricity to Connecticut homeowners, without the use of state subsidies. The pilot program, announced by Connecticut Clean Energy Finance and Investment Authority (CEFIA), said it will provide up to $1 million in loans for 20 years at an annual interest rate of 2% to demonstrate how low-cost and long-term financing can be used as an alternative to state subsidies.
If the pilot is successful, additional funds may be allocated to support a full rollout of the capital competition with up to $10 million in loan financing. CEFIA seeks to partner with other state and city level “green banks” to attract private investment through low-cost and long-term debt capital. Eligible candidates for the pilot program include innovative solar installation and development companies, and private financial entities with a strong credit history. Deadline for proposals is April 5, 2013. Interested applicants are invited to join an informational webinar on Thursday March 21, 10-11 am. For details, go to http://www.ctcleanenergy.com/solarpvrfp.
The annual Wall Street Green Summit is a comprehensive environmental market event in the Green Trading and Finance Industry launched in 2002 by Peter Fusaro. The Summit covers cutting edge content, industry developments and features the practitioners and the leaders of tomorrow.
Submitted by Martha Shaw, an Ethical Markets correspondent on clean energy and sustainable business. Martha Shaw is CEO of Earth Advertising, founded to support the growth of companies and organizations working toward a low carbon, environmentally sustainable economy.