By: greenbank On: January 01, 2017 In: Comments: 0

In January 2017, NY Green Bank provided a 12-month senior secured US$1.0 million bridge loan facility to Distributed Sun, LLC., a national energy services provider, and its affiliate SUNEIGHT LLC. Upon DSUN’s request, NYGB increased the Bridge Loan size by US$2.0 million in March 2017. Bridge Loan proceeds will finance project interconnection advanced payments to New York State Electric & Gas Corporation 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.

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