Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

New York State Energy Research and Development Authority

New York State Home

 

New York State Energy and Research Development Authority is a public benefit corporation set up in the 1970s, that works to encourage more uptake of energy efficiency and low carbon energy programs across the state.

This Bond will be used to finance or refinance loans made by NYSERDA to fund the installation of solar electric systems for eligible applicants pursuant to the NYSERDA’s Green Jobs—Green New York (“GJGNY Program”), program for one-to-four family residential structures.

This program provides financing for residential energy efficiency improvement loans in New York for residential, small business and not-for-profit corporations. Beginning in April 2014, under the GJGNY Program, NYSERDA began a program (the “Residential Solar PV Loan Program”) to provide solar loans to reduce the cost of solar electric (also referred to as photovoltaic, or PV) systems across New York State (“Solar Loans”).

Pursuant to the Residential Solar PV Loan Program, Solar Loans are available for residential customers only for up to $13,000, or up to $25,000 with higher cost-effectiveness standards, with repayment periods of 5, 10, or 15 years.

 

NAME OF BOND

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

MATURITY

JURISDICTION OF ISSUE

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
Residential Solar Financing Revenue Bonds, Series 2018A March 2018 Use of proceeds bond USD18.5m 16 years New York State, United States Solar

First Environment pre issue report

 

First Environment post issue report

Annual Report April 2020

Green Bond Framework

EMMA page

EMMA Official Statement

Businesswire