New York Green Bank open for cleantech funding
Largest 'green' bank in U.S to provide support for clean energy and energy efficiency projects
The New York Green Bank is now accepting proposals from companies seeking cleantech funding and ways of financing 'green' technologies.
It is the largest such bank in the US, according to state reports, and is seeking proposals from private sector lenders, investors and industry participants to finance creditworthy clean-energy projects in New York.
Applicants who will be eligible for funding include energy service companies, developers, equipment manufacturers or others that provide equipment, materials and services related to cleantech and energy efficiency projects along with financial institutions or other third-party capital providers that are financing, or intending to finance, such projects.
The state set the initial capitalisation of $210 million for the Green Bank in December 2013.
22 US investment firms with about $240 billion in assets under management signed the Climate Declaration in June 2013, calling upon federal policymakers to address climate change as an economic opportunity.
