NY Green Bank is the largest Green Bank in the US, founded in 2013 and a division of NYSERDA. The goal is to accelerate clean energy deployment in New York State by collaborating with the private sector to transform financing markets.
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 various approaches and transaction structures. Since its 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.
NYGB has committed over $1.7B as of June 30, 2022, resulting in up to $4.5B total capital mobilized in sustainable infrastructure in NYS.