RFP 21: NY Green Bank Eligible Purchaser Pool
NY Green Bank is establishing a pool of qualified institutional investors to bid on clean energy and sustainable infrastructure loans, increasing liquidity and supporting new clean energy projects in New York State.
Funder: New York State Energy Research and Development Authority
Due Dates: June 10, 2035 (Full proposal submission deadline)
Funding Amounts: No fixed award; opportunity to bid on NY Green Bank loans/investments as they are offered for sale.
Summary: Establishes a pre-approved pool of qualified investors eligible to bid on NY Green Bank-originated sustainable infrastructure loans and investments.
Key Information: Open only to institutional investors meeting strict eligibility criteria.
Description
NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA), is seeking to establish an Eligible Purchaser Pool (EPP) of pre-approved institutional investors. Members of the EPP will be invited to bid on NYGB-originated loans and investments in clean energy and sustainable infrastructure as these assets are periodically offered for sale. This initiative is intended to streamline secondary market transactions, increase liquidity in New York State’s sustainable finance markets, and enable NYGB to redeploy capital into new projects.
The sale of investments will be governed by industry-standard documentation, specifically the Standard Terms and Conditions for Trade Confirmations published by the Loan Syndications and Trading Association (LSTA).
