4 rate environment,6 NYGB earned $53MM in net income in the 2023 – 24 Plan Year, which is now available for reinvestment into new clean energy and sustainable infrastructure projects in NYS and supports NYGB''s mandate to maintain financial self-sufficiency.7 NYGB saw nearly $83MM of total repayments during the 2023 – 24 Plan Year across 8 loans.
Exploring the darker side of the energy transition" about how investment can catalyze renewable energy equipment recycling. vi. NY-BEST Con Edison Virtual Storage Day: On November 18, 2021, NYGB participated in "Ask an Expert: NYC Permitting/NYSERDA Programs" to inform battery storage developers about NYGB financing options. vii.
others — work with NYGB to identify market barriers and financing gaps for otherwise economically and technically feasible projects. NYGB''s target clients and partners are entities that are experienced and achieving success in clean energy markets but whose ability to
RFP Checklist [PDF] - This checklist of Proposal Contents is intended to help proposers ensure all required RFP application sections and accompanying materials are completed prior to submission. Instructions to Submit Investment or Service Provider Proposals [PDF] - This step-by-step guide helps proposers successfully complete their Investment
4 NYGB_2020_Business_Plan_PSC_Filing_FINAL 1 NY Green Bank Overview NY Green Bank ("NYGB") is a $1.0 billion investment fund designed to accelerate clean energy deployment in New York State ("NYS" or the "State") and is globally recognized as a leading sustainable infrastructure investor. NYGB''s participation in a growing number and
NYGB''s investments support clean energy projects with a total project cost that meet NYGB''s mandate and proposal evaluation criteria; (c) (up from 3,000 MW by 2023); (c) deploying 3,000 MW of energy storage by 2030 (up from 1,500 MW by 2025); (d) more than doubling new large-scale land-based wind and solar resources through the CES
impact. Highlights included clean energy and overall investments committed to date and metric tons of GHG reductions in NYS as well as updates on NYGB''s portfolio and pipeline activity. iii. RFP 18 Webinar: On June 10th, NYGB introduced its newly released RFP 18, Financing Arrangements for High-Performance Affordable Housing to members of NYSERDA''s
individual transactions fluctuates while advancing towards execution due to various factors, including many not under NYGB''s trol, transactions may move in and out of the Active Pipeline at any given time. con Stimulating New Clean Energy Proposals in the State. Proposals received for over $3.1 billion in NYGB investment since inception
3 Section 1: Introduction NY Green Bank ("NYGB") is a state-sponsored investment fund that operates as a division of the New York State Energy Research and Development Authority ("NYSERDA").NYGB is dedicated to alleviating financing gaps in New York State ("NYS" or the "State") clean energy and sustainable infrastructure markets by mobilizing greater private
table of contents, figures, and tables 1 highlights 1 2 business update 2 2.1 investment portfolio activity 2 2.2 pipeline activity 3 2.3 additional achievements and activities 4 3 regulatory framework 5 3.1 purpose 5 3.2 nygb mission and operating principles 5 3.3 relationship to nys clean energy policy 5 4 tables 6
2023 marks 10 years since NYGB was first established as the largest Green Bank in the nation. Since launching in 2013, NY Green Bank has become a leading provider of innovative clean energy and sustainable infrastructure financing solutions. As the largest Green Bank in the country, we have invested and reinvested our initial $1 billion
On April 14, 2020, NYGB issued the COVID-19 Impact Survey and over 140+ clean energy market participants responded. The respondents identified financing gaps and near-term financing challenges faced by the clean energy industry. NYGB presented financing solutions to the market during the COVID-19 Impacts Webinar on June 2, 2020.
by 20304; and 6,000 megawatts of energy storage by 20305; ("RFPs").9 NYGB provides additional RFP resources to aid prospective proposers in the RFP process.10 2.4. Goals & Key Performance Indicators The mission and key investment criteria shape NYGB''s goals, which in turn drive NYGB''s business
1 1 Introduction 1.1 Opportunity & Overview Through RFP 18: Financing Arrangements for High-Performance Affordable Housing ("RFP 18"), NY Green Bank ("NYGB") invites property owners and developers, energy service companies, equipment manufacturers, capital providers and other market participants to submit applications for financing (each, a "Proposal") for the construction
NYGB''s investments support clean energy projects with a total project cost of between $1.51 and $1.75 billion. that meet NYGB''s mandate and proposal evaluation criteria; (c) deploying 3,000 MW of energy storage by 2030; (d) more than doubling new large-scale land -based wind and solar resources through
energy storage that will ultimately be needed, and makes it the New York Green Bank (NYGB), the New York State Department of Environmental Conservation (DEC), New York''s investor-owned utilities, and other stakeholders, New York is poised to effectively transition to an emissions-free energy future. (RFP) in 2019, and
NYGB''s investments support clean energy projects with a total project cost of between $1.51 and $1.75 billion. that meet NYGB''s mandate and proposal evaluation criteria; (c) deploying 3,000 MW of energy storage by 2030; (d) more than doubling new large-scale land -based wind and solar resources through
Bulk Energy Storage RFP 2024. Central Hudson Gas and Electric Corporation ("Central Hudson" or "CHGE") is seeking bids for scheduling and dispatch rights for bulk-connected energy storage systems that will be operational by December 31, 2028. Central Hudson is providing the following materials for this Request For Proposal ("RFP
NY Green Bank Issues RFP to Support Lenders Serving Disadvantaged Communities . 2030 and calls for 9 gigawatts of offshore wind by 2035, 6 gigawatts of distributed solar by 2025, and 3 gigawatts of energy storage by
3 1Q18 •Governor Cuomo announced 2025 storage goal of 1,500 MW in 2018 State of State •Sought feedback through Customer/stakeholder meetings •Completed Energy Storage Study 2Q18 •Storage Roadmap was released for formal public input 3Q18 •Technical conferences held, stakeholder outreach, public comments submitted and reviewed 4Q18 •PSC issued Storage
Advancing New York''s Clean Energy Market. Since its inception, NY Green Bank has committed over $2 billion to finance clean energy and sustainable infrastructure projects. Our portfolio spans clean transportation, building
table of contents, figures, and tables 1 highlights 1 2 business update 2 2.1 investment portfolio activity 2 2.2 pipeline activity 3 2.3 additional achievements and activities 4 3 regulatory framework 5 3.1 purpose 5 3.2 nygb mission and operating principles 5 3.3 relationship to nys clean energy policy 5 4 tables 6
NY Green Bank ("NYGB") is a nation-leading sustainable infrastructure and ESG investor. NYGB is seeking to create a pool (the "Eligible Purchaser Pool" or "EPP") of pre-approved investors ("Eligible Purchasers") that will be eligible to place bids to purchase NYGB-originated loans and investments that NYGB offers to sell from time to time.
energy and energy efficiency investments, are included in NYGB''s open solicitation for proposals (the "Investment RFP").8 The Investment RFP is included in Schedule 3. 2.4 Goals & Key Performance Indicators The mission and key investment criteria drive NYGB''s goals, which collectively shape the path NYGB pursues to accomplish its mission.
Since its formation, NYGB has worked to increase the size, volume and breadth of sustainable infrastructure investment activity throughout the State, expand the base of investors focused on NYS clean energy and increase market participants'' access to capital on commercial terms. To achieve these objectives, NYGB collaborates with
through RFP 19, that will enable NYCEEC to make loans to finance energy Energy Storage Solar; Energy Storage Port Infrastructure 5% 7% 29% 17% 2% 10% 30% On May 26, 2022, NYGB attended Capture the Energy Conference 2022, hosted by the New York Battery and Energy Storage Consortium (NY-BEST) in Albany, NY, and participated in a
NYGB released RFP 18 in May 2021. The launch of RFP 18 aligns with NY Green Bank''s target of committing $150 million in affordable housing investments by December 2025. NYGB''s latest and most informed approaches to energy storage and clean transportation.
In 2023, NY Green Bank closed its first stand-alone energy storage transaction. As we work to achieve the goals of New York State''s Climate Act, we are excited by the growing interest in stand-alone energy storage and look forward to
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