The Connecticut Green Bank and Hannon Armstrong have reached an agreement that will increase the deployment of energy efficiency, solar and other clean energy projects throughout the Connecticut commercial and industrial sector.

Under the terms of the agreement, Hannon Armstrong will provide access to up to $100 million in funding these projects. The agreement supports the Green Bank’s successful C-PACE (Commercial Property Assessed Clean Energy) program. The financing structure allows the Green Bank to effectively leverage private capital while providing Hannon Armstrong with the ability to access a high quality, rapidly growing class of assets.

“This agreement will help us streamline the approval process for commercial loans and ensure a reliable source of capital for our businesses and institutions,” said Bryan Garcia, president and CEO of Connecticut Green Bank. “But more importantly, this transaction demonstrates that private investors are ready to put their capital behind green energy projects in the commercial sector.”

The Green Bank was established by Connecticut’s General Assembly on July 1, 2011 as a part of Public Act 11-80.