New York to inject US$1.5 billion in NY-Sun Initiative over 10 years

This story and investment is just about New York state - rather puts the UK aspirations in percpective

New York Governor Andrew Cuomo has announced that the state’s NY-Sun solar initiative will receive an additional US$150 million in funding every year for the next 10 years.

Launched in 2012, NY-Sun seeks to quadruple the solar capacity in the state of New York in 2013. The initiative also aims to provide additional certainty to solar developers, attract private investment in PV systems and enable the development of a robust solar power industry in New York.

In addition to the expansion of the NY-Sun Initiative, Governor Cuomo also announced that the state is planning to establish a US$1 billion green bank and has appointed former Department of Energy official Richard Kauffman as New York State’s chairman for energy policy and finance.