Solar Industry
New York’s Green Bank program provides a source of financing for renewable energy projects that might not otherwise attract private capital. The program represents an attempt to transition away from the use of direct subsidies to encourage green energy projects.
New York Gov. Andrew M. Cuomo says the $210 million in initial funding for the NY Green Bank represents a new market-oriented approach to accelerate clean energy deployment and create jobs. The money combines $165 million redirected from other programs and approved by the New York Public Service Commission (PSC) and $45 million from the Regional Greenhouse Gas Initiative.
If you’d like to discuss energy issues, contact Court Rich, director of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com
