NY Green Bank

NY Green Bank, a division of NYSERDA, is a state-sponsored investment fund established in 2013 to enhance private sector investment in clean energy across New York State. The organization aims to accelerate the deployment of clean energy technologies by addressing gaps and barriers within the capital markets. NY Green Bank collaborates with various clients and counterparties to create tailored financial solutions, including warehousing and aggregation credit facilities, term loans, credit enhancements, and construction finance. By fostering a more efficient, reliable, and sustainable energy system, NY Green Bank seeks to promote the transition toward a cleaner energy future in New York.

David Davenport

Managing Director

Andrew Kessler

President

Past deals in Energy Storage

AES Distributed Energy

Debt Financing in 2020
The AES Corporation (AES), a Fortune 200 global power company, provides affordable, sustainable energy to 18 countries through a diverse portfolio of distribution businesses and 36 GW of generation capacity, including over 8 GW of renewables. Enabled by the acquisition of Main Street Power Company in February 2015, and leveraging AES’ expertise, relationships and scale, they deliver our clients the benefits of sustainable energy powered by resilient, turnkey solutions that we finance, own and operate. Currently available in the US, Mexico, El Salvador, Brazil and the Dominican Republic, AES brings reliable and cost-effective distributed energy systems to schools, municipalities, utilities, residences, and commercial and industrial clients. We have over 65 MW of distributed generation solar PV projects in operation across North America, and over 200 MW in development in the Western Hemisphere.
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