” 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…]
“The New York Energy Research and Development Authority (NYSERDA) today announced that two gigawatts of solar capacity has been installed across the state, underscoring New York’s position as one of the fastest growing distributed solar markets in the nation with a nearly 1,800 percent growth, leveraging $4 billion in private investment, fueling nearly 12,000 … [Read more…]
“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”). Bridge Loan proceeds will finance project interconnection deposits … [Read more…]