Open Request for Proposals for Green Bank Capital Solutions for Clean Energy & Environmental Infrastructure Investment

The Connecticut Green Bank (Green Bank) is issuing an Open Request for Proposals (Open RFP) to provide access to capital for project developers and capital providers, catalyzing investment in clean energy and environmental infrastructure across the State of Connecticut. This program targets proposals whose financing requirements are not met by existing Green Bank programs, with a minimum financing requirement of $250,000 from the Green Bank. The Green Bank, the nation's first full-scale green bank, seeks to leverage public and private funds to scale projects that reduce greenhouse gas emissions, increase climate adaptation and resilience, create jobs, and promote economic prosperity. Proposals may cover a wide array of technologies including solar PV, on-shore wind, run-of-the-river hydroelectric, fuel cells, anaerobic digesters, energy efficiency, electric vehicle infrastructure, storage, and environmental infrastructure such as water, waste and recycling, climate adaptation, land conservation, and carbon offsets.

Eligible proposers include private sector financial institutions, third-party capital providers, project developers, energy service companies, equipment manufacturers, and other industry participants whose activities are meaningfully related to Connecticut. Proposals can be submitted on a standalone or team basis. The RFP is structured to be market-responsive with rolling submissions, and the Green Bank aims to provide preliminary responses in days or weeks. Submissions must be sent electronically to RFP@ctgreenbank.com with a subject line indicating either clean energy or environmental infrastructure investment.

Proposals must demonstrate how the Green Bank's investment will leverage additional private capital and support the state's environmental goals. Evaluation criteria include meeting Green Bank goals (especially in vulnerable communities), the essentiality of Green Bank participation, project feasibility, replicability, timetable, relevant experience, references, and any pending litigation. The Green Bank may provide financing in various forms such as senior and subordinate loans, loan loss reserves, loan guarantees, credit enhancement, equity participation, and access to federal tax-exempt Private Activity Bonds.

Under this Open RFP, submissions are accepted on a rolling basis until the program is withdrawn. There is no fixed submission deadline. Interested parties can submit questions to RFP@ctgreenbank.com, and the Green Bank reserves the right to reject any or all proposals, waive irregularities, or modify the RFP at its discretion.