NY Green Bank seeks proposals to help electrify affordable housing buildings
The expanded investment approach will focus on projects that prioritise energy efficiency and electrification in housing found within disadvantaged communities across New York State
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NY Green Bank, a division of the New York State Energy Research and Development Authority (NYSERDA), has announced a new financing pathway for projects to help electrify multi-family affordable housing.
The expanded investment approach will focus on projects that prioritise energy efficiency and electrification in housing found within disadvantaged communities across New York State.
NY Green Bank is seeking proposals from property owners and developers, energy service companies and equipment manufacturers, capital providers and other market participants for construction or retrofit financing of multi-family affordable housing buildings.
Cuomo officials announced they will “continue to work closely with our federal and state partners, as well as fuel distributors, to monitor the issue and safeguard the supply chain for all New Yorkers.”
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Project will start construction in 2021 and reduce CO2 emissions by 3.9 million metric tons and contribute an estimated $50 billion in economic benefits for New York State
MONTRÉAL, May 12, 2021 /CNW Telbec/ - Clean energy generator Hydro-Québec and Transmission Developers, Inc. have proposed generation and transmission solutions that will help New York State meet its renewable energy and climate emissions reduction goals under its nation-leading Climate Leadership and Community Protection Act (CLCPA) by supplying New York City with clean power from Upstate New York and from Canada, delivered over a new transmission line. The companies made these proposals in response to the New York State Energy Research and Development Authority s (NYSERDA) Tier 4 renewable energy procurement process.
NY to launch large-scale renewable energy projects
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New York state will begin construction of over 20 large-scale renewable energy infrastructure projects later this year as part of a collaboration between the state and leading firms in the field.
Gov. Andrew Cuomo announced on April 22 that the projects will create more than 2,000 jobs statewide and prompt almost $1.5 billion in private investment, factors that could help stimulate economic recovery amid the pandemic.
The New York State Energy Research and Development Authority partnered with firms such as the Goldman Sachs Renewable Power Group, a company that sponsors solar energy projects, and CS Energy, an energy firm that specializes in solar power, to push the projects forward and advance Cuomo’s climate policy.