NY Green Bank committed US$68.75 million to finance the acquisition of 612.0 MW of operating largescale wind projects in New York State by funds managed by The Carlyle Group. These assets account for approximately 30% of current wind generation in NYS. As a Joint Lead Arranger in this transaction alongside other commercial banks, NYGB’s participation supports the long-term financing of large scale renewable projects in NYS that have merchant exposure. The recapitalization and proposed operational improvements are expected to extend the useful life of the projects, resulting in additional greenhouse gas reductions in NYS, and the retention of more than 40 clean energy jobs in the North Country and Western New York.
