About NY Green Bank
Investing in New York’s Bright Green Future
Who We Are
NY Green Bank is a New York State-sponsored investment fund dedicated to filling financing gaps in clean energy and sustainable infrastructure markets. Our investments contribute to greenhouse gas emissions reductions, energy efficiency, clean energy generation, and the mobilization of private capital in key market sectors.
As the largest green bank in the nation, we are mission-driven and utilize financing solutions to accelerate the clean energy transition. NY Green Bank uses public capital to mobilize private investment into underserved green sectors, filling market gaps and advancing public climate targets, with the goal of enabling private investors to expand their sustainable infrastructure portfolios in a meaningful way. The green bank model has been active and growing for over a dozen years, with green banking institutions operating at the local, state, regional, and national levels, both as government-affiliated agencies and as independent non-profits.
As a State investment fund that collaborates with private investors, NY Green Bank plays a unique role in New York’s transition to a green economy, which was written into law 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 a 100 percent clean electric grid by 2040.
NY Green Bank has a flexible approach to financing, which reflects the evolving needs of the market and our clients. We work with our counterparties to identify market gaps and barriers, then investing in a way that alleviates those issues and builds a track record for utilizing traditional financing products in emerging clean energy market segments – giving private sector investors more confidence in those transaction types. Unlike grant or incentive payments, our funds are invested at market rates, ensuring that NY Green Bank can receive attractive risk adjusted returns, and continue to cover its own operating costs while preserving our capital base for continued deployment.
Working with our clients and partners, our investment approach keeps New York State at the evolving frontier of sustainable infrastructure financing markets.