EIC is extending an RFQ for capital providers interested in participating in the Energize NY PACE Finance facility, with the ability to provide capital to areas of the State that do not currently participate in PACE due to lower credit ratings, specifically below A rated municipalities, and unrated municipalities. EIC is also seeking project developers that can demonstrate the ability to establish systems and processes to develop multiple energy efficiency and/or renewable energy projects on a large scale, including the assembly and submission of required documents that EIC deems necessary to complete the technical and/or financial underwriting of a PACE financing.
Energy Improvement Corporation (EIC), home of Energize NY, is seeking to engage with capital providers and project developers to expand the availability of Property Assessed Clean Energy (PACE) financing and encourage the adoption of clean energy across New York State. PACE is one of many NY State initiatives that expand the market for clean energy by offering low cost, long term, PACE financing as an alternative and/or compliment to traditional project financing.
Responses will be accepted on a first-come, first-serve basis starting on February 13, 2018.
All information regarding the RFQ, including modifications and FAQs, will be posted to this page.
In connection with this RFQ, NYSERDA has released new guidelines for how to qualify commercial clean energy projects for PACE in NY State. These guidelines also are intended to open the market, making PACE financing available to a broader range of clean energy projects. Read more about the New York State Commercial PACE (C-PACE) guidelines, here.
Contact: Susan Morth - Co-Executive Director
(914) 302-7300, ext. 8114