NY Green Bank provided a 24-month senior secured US$1.0 million bridge loan facility to SUN8 PDC, LLC, which is jointly owned by Distributed Sun LLC and EWT Americas Inc. Bridge Loan proceeds will finance project interconnection advanced payments to New York State Electric & Gas Corporation and Rochester Gas and Electric Corporate for community distributed generation solar projects. This transaction is expected to provide New York State residents and businesses with a greater variety of energy choices and, ultimately, lower-cost clean energy opportunities.
