Welcome to NY Green Bank
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. In adopting a targeted approach to clean energy financing markets, NY Green Bank represents an innovative business model at the forefront of the trend driving institutions nationally and internationally.
NY Green Bank increases the availability of capital for projects deploying proven clean energy technologies across New York State through:
- Leveraging private sector capital to support and expand clean energy financing markets;
- Animating and growing capital markets reducing the need for government support; and
- Motivating faster and more extensive deployment of clean energy assets, contributing to economic development, greater energy choices, reduced environmental impacts and more green energy advantages for every public dollar spent.
NY Green Bank is a cost-effective and complementary addition to New York State’s evolving portfolio of clean energy programs. We work with private sector clients to address and alleviate specific gaps and barriers in current clean energy capital markets through a variety of approaches and transaction structures. We use demonstrated financing tools to promote self-sustaining markets, while enabling private sector capital to expand the frontiers of current commercial clean energy lending opportunities, ultimately increasing the deployment of proven clean energy technologies in New York State.
With NY Green Bank’s flexible, nimble, and dynamic approach we are able to actively identify and alleviate existing market gaps and barriers, motivating greater private sector activity and allowing market forces to reduce the need for government support.
New York’s Energy Landscape: Governor Andrew M. Cuomo's Reforming the Energy Vision strategy an expansive effort to improve energy affordability, to design a cleaner, more resilient and flexible power grid, to give customers more control over their energy use and to better align energy innovation with market demand. NY Green Bank is a critical piece of this energy transition and a key energy priority for New York State. Unleashing the power of private sector energy financing brings about scaled deployment of proven technologies and a robust marketplace that can create new value for businesses, investors, customers and communities.
NY Green Bank is a division of NYSERDA.