Green Bond Fact Sheet
New York State Energy Research and Development Authority

Date: 21-Mar-2018

Issue date:21-Mar-2018 Maturity date: 01-Apr-2034 Tenor: 2-16Issuer NameNew York State Energy
Research andDevelopment Authority

Amount Issued

USD18.5m

Country of risk

USA

CBI Database

IncludedIssuer Type1

Local Government

Bond TypeUS MuniGreen Bond Framework

Link to GB Framework

Second party opinion

N/A

Certification Standard

Solar

Assurance report

N/A

Certification Verifier

First Environment

Green bond rating

N/A☒ Energy☒ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation & resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Firsts, records andcertifications

Proceeds description
Climate Bonds view
Underwriters

NYSERDA will annually report on the use of proceeds, the allocated and outstanding
amounts, and will provide management confirmation that the use of proceeds of theSeries 2018A bonds is still in alignment with the Climate Bonds Standard Solar Criteria.
The annual report will be available on the EMMA website.
The New York State Energy Research and Development Authority (NYSERDA)
promotes renewable energy and energy efficiency measures in the state of New York.
This is the first green bond being certified under the renewable energy sector criteriaof the Climate Bonds Standard within the US and third US muni green bond issued bya municipality in the State of New York after New York State Housing Financing
Agency and the Metropolitan Transportation Authority.
Proceeds will be allocated to loans made by the Authority to fund the installation ofsolar electric systems for eligible applicants pursuant to the Authority’s Green Jobs—
Green New York Program for one-to-four family residential structures.
It’s great to see the first Certified Climate Bond financing residential solar PV in the US
and we hope to see more following suit.
SAMUEL A RAMIREZ & CO INC

Deal comments
Credit Rating

A (KBRA)

Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign