NY Green Bank: Agent for Greater Private Sector Investment in Sustainable Infrastructure
To accelerate clean energy deployment in New York State by working in collaboration with the private sector to transform financing markets.
Who We Are
NY Green Bank is a State-sponsored, specialized financial entity working with the private sector to increase investments into New York’s clean energy markets, creating a more efficient, reliable and sustainable energy system.
NY Green Bank is a cost-effective and complementary component of New York State’s portfolio of clean energy programs. NY Green Bank works with clients and counterparties to address and alleviate specific gaps and barriers in current clean energy capital markets through a variety of approaches and transaction structures. Since inception, NY Green Bank has utilized innovative approaches to financing structures to mobilize clean energy activity and private capital in New York State, reducing the need for further ratepayer funding.
A Key Player in New York’s Energy Landscape
NY Green Bank is a critical component of New York's nation-leading climate and clean energy agenda formalized under the Climate Leadership and Community Protection Act (Climate Act). The Climate Act sets the state on a path to economy-wide carbon neutrality by mandating an 85 percent reduction in greenhouse gas emissions by 2050 and 100 percent clean electric grid by 2040.
NY Green Bank is a division of NYSERDA.