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Issue Date: 03/31/2017 Contract Number: RFP 8 - NY Green Bank

Financing Arrangements for Renewable & Energy Efficiency Projects: Office, Commercial & Industrial, and Multi-Family Real Estate Properties


Description:

 

This Notice is ONLY for the submission deadline time:

 Deadline Change 

Effective August 1, 2018 the submission deadline for all NYSERDA solicitations will be changed from 5:00 p.m. to 3:00 p.m. Please note only the time is changing, and all due dates remain as indicated on each solicitation.

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RFP 8 is targeted at commercial and multi-family building owners, relevant lenders and investors, and clean energy contractors/service providers  focused on such properties, who seek to finance the purchase of energy efficiency and/or renewable energy assets.

 

If changes are made to this solicitation notification will be posted on NYSERDA’s websites at: https://greenbank.ny.gov/Working-with-Us/Propose-an-Investment. and at  www.nyserda.ny.gov/funding-opportunities

 

For complete Eligibility/Qualifications Requirements/Preferences, please see https://greenbank.ny.gov/Working-with-Us/Propose-an-Investment.

The principal conditions required for a project to attract NYGB financing include, without limitation:
(a) A pay-back period (“Payback”) of no longer than the useful life of the renewable energy or energy
efficiency equipment being installed, taking into account the upfront costs and economic return of the
proposed project;
(b) A current (less than six months old) appraisal, completed by a New York Licensed Appraiser, confirming an
LTV no greater than 80%;
(c) A minimum projected debt service coverage ratio of 1.40-times, for the tenor of any NYGB financing;
(d) Perfected security interest in favor of NYGB in the owner’s equity in the underlying real estate asset;
(e) A detailed implementation plan with all licenses, permits, studies, etc., issued (or approved as necessary)
by the requisite authority; and
(f) Copies of all equipment purchase orders and/or contracts from constructors and general contractors and/or
installers for the scope of work of the project.

Due Date: 12/30/2022 3:00 PM

Contract Term: TBD

Location: TBD

Ad Type: General


Technical contact:     NYSERDA - NY Green Bank
NY Green Bank
NY City Office
Jill Black
Project Manager
1359 Broadway
19th Floor
New York, NY 10028-7842
United States
Ph: 212-379-6260 ext.6260
Fax: 917-410-7352
investmentRFPs@greenbank.ny.gov

Primary Contact:     NYSERDA
NY Green Bank
NY City Office
Jill Black
Project Manager
1359 Broadway
19th Floor
New York, NY 10018-7842
United States
Ph: 212-379-6260 ext.6260
Fax: 917-410-7352
investmentRFPs@greenbank.ny.gov

Secondary contact:     NYSERDA
Contract Management
Albany
Jillina Baxter
Office Administrator
17 Columbia Circle
Albany, NY 12203-6399
United States
Ph: 518-862-1090 ext.3279
Fax:
jillina.baxter@nyserda.ny.gov