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NY: Cuomo Proposes “NY Green Bank” To Spur Renewable Energy Investments
Stateline: Looking to boost returns from investments in renewable energy and efficiency, New York may follow the example of one of its neighbors.
Governor Andrew Cuomo has proposed creating a $1 billion “NY Green Bank,” a quasi-independent authority that would provide capital for energy projects, aiming to leverage scattered resources and open the door to projects that might struggle to attract investment on their own.
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