NY Green Bank May Spark Renewable Energy Investment
Law360, New York ( April 1, 2014, 5:23 PM EDT) -- A new $1 billion funding vehicle has grabbed the attention of developers and financing parties in the renewable energy marketplace. It did not come out of nowhere; New York adopted an aggressive renewable portfolio standard ("RPS") 10 years ago that set a goal of meeting 25 percent — later increased to 30 percent — of the state's electric demand with renewable forms of energy....
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