Funder: New York State Energy Research and Development Authority
Due Dates: Rolling (Applications evaluated as received)
Funding Amounts: Generally $10 million–$50 million per investment opportunity
Summary: NY Green Bank finances clean energy and sustainable infrastructure transactions that address financing barriers and support deployment in New York State.
Key Information: This is commercial financing requiring repayment, not a grant or subsidy.
Description
NY Green Bank (NYGB), a division of NYSERDA, invites capital providers and clean energy and sustainable infrastructure industry participants to propose financing transactions benefiting New York State. The solicitation supports deployment rather than a specified research discipline, with investments intended to reduce greenhouse gas emissions and advance the State’s clean energy policies.
NYGB addresses financing gaps that conventional lenders may not accommodate, including unfamiliar asset structures, limited transaction precedent, small deal sizes, and underwriting complexity. It seeks structures that private capital providers can replicate and scale, increasing investment rather than displacing private financing. Proposals are assessed for financial returns, market transformation, clean energy benefits, and readiness to close.
