NY Green Bank has committed $3.8 million to finance the deployment of solar photovoltaic (projects in the development pipeline of SunX, LLC, which is wholly owned by Distributed Sun LLC. This is an expansion of NYGB’s investment in solar development capital as part of its ongoing efforts to participate in sustainable infrastructure investments in support of New York State’s Clean Energy Fund objectives. The $3.8 million financing facility is expected to support the deployment of up to 39.8 megawatts of solar PV in NYS, providing residents and businesses with a greater variety of energy choices and, ultimately, lower-cost clean energy options.
