NY Green Bank
Manufacturer
- Website
- greenbank.ny.gov
- Services
- In app support
NY Green Bank, a division of NYSERDA, operates as a state-sponsored specialized investment fund dedicated to advancing clean energy and renewable infrastructure across New York State. As the nation's largest state-sponsored green bank, it plays a crucial role in bridging financial gaps and mobilizing private capital into the clean energy sector. The institution focuses on transforming financing markets to accelerate the clean energy transition, supporting a healthier and more thriving future for all New Yorkers.
The bank commits capital to a diverse range of clean energy projects, including building decarbonization, clean transportation, energy storage, solar, and wind technologies. It offers flexible capital solutions and financing products such as revolvers, predevelopment, interconnection, and construction-to-term loans to developers, property owners, service providers, and investors. These financial instruments are designed to animate the market, encourage replication by the private sector, and mobilize capital into previously underserved areas.
With over $2.6 billion committed to clean and renewable energy initiatives, including $221 million in FY 2024–2025, NY Green Bank actively supports projects that reduce greenhouse gas emissions and drive broader market transformation. Its efforts are integral to strengthening the foundation for an equitable and resilient clean energy future, aligning with New York's ambitious clean energy goals. The bank's work includes deploying capital, monitoring market responses, and reporting on progress towards these critical objectives.
Categories: Finance & Legal Services