By Bob Katzen

The Telecommunications, Utilities and Energy Committee has scheduled a hearing on September 28 on a proposal that would require the Massachusetts Clean Energy Technology Center to conduct a study of finance gaps in clean energy projects; and based on that study, to establish a “Green Bank” to provide the investment capital necessary to accelerate the deployment of a range of clean energy technologies.

“To meet emission reduction requirements set forth by the commonwealth we need to provide financing options upfront for renewable residential and commercial energy projects,” said sponsor Sen. Marc Pacheco (D-Taunton). “Parties interested in moving forward are held back because of the lack of dedicated financial resources to bring the projects to fruition.”