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February 10, 2014

New York Green Bank Issues RFP

The New York Green Bank has issued a Request for Proposals (RFP 1) to obtain clean energy financing arrangements. The Green Bank’s stated purpose is to overcome current obstacles in clean energy financing markets and to increase overall capital availability through various forms of financial support such as credit enhancement, project aggregation, and securitization.
On December 19, 2013, the New York State Public Service Commission approved an initial $165 million in funding for Green Bank (Member Alert #60-2013). This funding will be combined with at least $45 million from allowance auction revenues under the Regional Greenhouse Gas Initiative.

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