Catalyze Clean Energy Financing Services

The New York State Energy Research and Development Authority in Albany, New York is seeking a vendor to provide catalyze clean energy financing services. The agency is trying to advance clean energy initiatives, with a specific emphasis on decarbonizing the built environment and benefitting disadvantaged communities. This initiative aims to increase access to the federal Title 1703 loan guarantee program for entities seeking to support decarbonization products or processes that advance greenhouse gas reduction goals. The scope of work requires the selected vendor to provide meaningful financing support in the form of subordinate loans or credit enhancements. Specifically, the vendor must provide the equity subordinate portion of the capital stack and a loan loss reserve with respect to the junior portion of the capital stack. The requested services also include co-lending with pari-passu or subordinate debt, as well as providing a financial backstop for specific key project elements that may be subject to regulatory or local market risk. Eligible bidders must be onshore organizations based in the United States. The agency requires all performance of the work to be conducted offsite. The agency has not disclosed a specific budget and is currently looking for proposals to determine the financial structure of the project. No evaluation criteria or key dates are specified in the solicitation details.