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NY Green Bank

Letter to the Editor: Solar project needs residents’ scrutiny

August 15, 2023 by l

  “The Duanesburg Planning Board will meet at 7 p.m. on Aug. 19. They may review CTEC’s application for a 3-MWac solar project located at 10516 Western Turnpike; Kruger Energy’s application for a 5-MWac solar project located at 909 Alexander Road; and a wind project application for a 3-kWh turbine located at 5559 Schoharie Turnpike. … [Read more…]

Posted in: Duanesburg News Tagged: 10516 Western Turnpike, 5559 Schoharie Turnpike, 909 Alexander Road, CTEC, Kruger Energy, letter to the editor, NY Green Bank, NYSERDA, Oak Hill Solar 1 LLC, Oak Hill Solar 2 LLC, planning board

NY Green Bank Surpasses $2B in Financing

June 1, 2023 by l

  “The NY Green Bank said its financial commitments have passed the $2 billion mark and are likely to accelerate with the influx of new federal funding.”   read the entire article   Cropley, John. RTO Insider 1 June 2023.  

Posted in: Oak Hill Solar, Solar Tagged: NY Green Bank

NY Green Bank’s new fund will finance clean energy in underserved areas

June 16, 2022 by l

  “NY Green Bank, an investment fund for sustainable infrastructure projects, wants to ensure that disadvantaged communities across New York state aren’t left out of the transition to clean energy. The publicly backed entity is developing a $250 million “community decarbonization fund” to provide low-cost capital to community development financial institutions and other lenders for … [Read more…]

Posted in: Solar Tagged: Andrew Kessler, NY Green Bank

NY Green Bank Announces Andrew Kessler as President

August 12, 2021 by l

  “Managing Director Also Added to Lead Disadvantaged Communities-Focused Lending August 12, 2021 NY Green Bank, a division of the New York State Energy Research and Development Authority (NYSERDA), today announced Andrew Kessler as President. Mr. Kessler has been serving as Acting President since February 2021. NY Green Bank also announced the addition of David … [Read more…]

Posted in: Duanesburg News Tagged: Andrew Kessler, NY Green Bank

NYSERDA’s NY Green Bank raises $314 million in private funding

August 5, 2021 by l

  “A lending agency operated by the state Energy Research and Development Authority has received its first infusion of private, non-government funding for green energy projects. NY Green Bank, which is a division of NYSERDA this week said it has closed on its first private capital fundraising round, with $314 million from Bank of America. … [Read more…]

Posted in: Duanesburg News Tagged: Andrew Kessler, Bank of America, NY Green Bank

New York Green Bank Loan to Eden Renewables August 28, 2020

August 28, 2020 by l

  “On November 8, 2019, NY Green Bank (“NYGB”) provided a 24-month senior secured $2.5 million bridge loan facility (the “Bridge Loan”) to Eden Devco Borrower LLC (“Borrower”), which is owned by Eden Devco LP (“Sponsor”), a limited partnership that is managed by Eden Renewables LLC (“Eden”). On March 31, 2020, NYGB increased the Bridge … [Read more…]

Posted in: Eden Renewables Tagged: Eden Renewables LLC, loan, NY Green Bank

NY Green Bank funds Eden Renewables with Bridge Loan

March 31, 2020 by l

  “On November 8, 2019, NY Green Bank (“NYGB”) provided a 24-month senior secured $2.5 million bridge loan facility (the “Bridge Loan”) to Eden Devco Borrower LLC (“Borrower”), which is owned by Eden Devco LP (“Sponsor”), a limited partnership that is managed by Eden Renewables LLC (“Eden”). On March 31, 2020, NYGB increased the Bridge … [Read more…]

Posted in: Eden Renewables Tagged: bridge loan, community solar, Eden Devco Borrower LLC, Eden DevCo LP, Eden Renewables, funding, Interconnection, National Grid, NY Green Bank, NYSERDA, Public Service Commission

NY Green Bank hits record USD 117.5m of clean energy deals in Q4

February 17, 2020 by l

  ” The NY Green Bank registered USD 117.5 million (EUR 108.4m) of clean energy investments in the fourth quarter of 2019, its strongest quarter in terms of financing commitments. NY Green Bank is focused on supporting investment in renewable energy and energy efficiency projects, in line with the state’s goal to source 70% of … [Read more…]

Posted in: Eden Renewables Tagged: bridge loan, community solar, Eden Renewables, loan, NY Green Bank, NYSERDA

NY Green Bank Announces Strongest Quarter to Date, Committing More Capital in Fourth Quarter of 2019 Than Any Other Quarter

February 14, 2020 by l

  “$2.5 Million Bridge Loan to Eden Renewables – Supporting the Deployment of Community Solar Projects NY Green Bank’s $2.5 million bridge loan to Eden Renewables will finance the deposits made to National Grid to secure interconnection rights for a portfolio of community distributed generation solar projects in New York State. This transaction is expected … [Read more…]

Posted in: Eden Renewables, Solar Tagged: bridge loan, community solar, Eden Renewables, NY Green Bank, NYSERDA, solar

NYSERDA Purchase Order: Eden Renewables November 22, 2019

November 22, 2019 by l

    read the purchase order PDF   source: Freedom of Information request to NYSERDA December 2019.   Oak Hill Solar 1 & 2 Resolution September 19, 2019 does not include retail storage.  

Posted in: Eden Renewables Tagged: battery, Eden Renewables, energy storage, finances, NY Green Bank, NYSERDA, Oak Hill, purchase order, retail storage
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