About NY Green Bank

Investing in New York State’s Sustainable Future

Who We Are

NY Green Bank, a division of NYSERDA, is a state-sponsored specialized investment fund dedicated to bridging financial gaps in clean energy and renewable infrastructure markets. With over $2.4 billion in capital commitments, our financing has supported projects projected to reduce up to 48.5 million metric tons of lifetime CO2e and deliver 65.1 million MMBTU in lifetime energy savings. Our investments span a variety of technologies, with a focus on advancing building decarbonization, clean transportation, and energy storage.

Our Mission

Our mission is to work in collaboration with the private sector to transform financing markets in ways that accelerate clean energy investments to combat climate change and deliver benefits equitably to all New Yorkers. By leveraging public capital to mobilize private investment into underserved green sectors, we aim to fill market gaps, advance public climate targets, and enable private investors to expand their own sustainable infrastructure portfolios over time. Our strategic investments support the State’s path to achieving its ambitious net-zero goals. Committed to advancing climate equity, we have pledged that at least 35%, with a goal of 40%, of our capital will be allocated to projects benefiting disadvantaged communities.

Our Approach

NY Green Bank’s transactions are structured to be replicated and scaled by the private sector, helping to drive market activity and channel capital into underserved green markets. Our flexible financing approach is designed to respond to the dynamic needs of both the market and our clients. By working closely with counterparties, we identify key market gaps and barriers, then invest in ways that address these challenges, while setting examples for integrating traditional financial products into emerging clean energy markets. Unlike grants or incentives, our investments are made at market rates to ensure NY Green Bank can generate attractive risk-adjusted returns, cover operating costs, and sustain a capital base for continued deployment.