Electricity

Green Investment and Bank Initial Funding

While most Americans wait around to see what’s waiting for them under the Christmas tree, it looks like New York State’s clean energy industry got to open its present a few days early.

Governor Andrew Cuomo announced $210 million in initial capitalization for the New York Green Bank, a new initiative created to leverage public funds into private investment to boost clean energy projects, create green jobs, and improve community climate resiliency.

NY Green Bank, first announced in Cuomo’s 2013 State of the State speech, is now primed to launch in early 2014 en route to its full $1 billion capitalization. “With this funding we will attract greater investment in New York, accelerate clean energy development, and modernize our grid,” said Cuomo.

via Green Investment and Bank Initial Funding | The Energy Collective.

Categories: Electricity, Energy