Amalgamated Bank Joins $1B Financing for NY’s Largest Solar Project
Slice of Energy Team
Jun 06, 2025
Key highlights
- $15M commitment from Amalgamated Bank as part of nearly $1 billion in financing
- Supports Cider, New York’s largest solar project at 674 MWdc
- Project will power over 120,000 homes annually by end of 2026
- Cider will create hundreds of clean energy jobs
- Highlights partnership with organized labor and community impact
Notable Quotes
“ The Cider project and associated financing, including the new partnership with Amalgamated Bank, underscores Greenbacker’s commitment to building a more resilient energy system in New York. ”
Carl Weatherley-White, Interim CFO at Greenbacker
“ We are proud to partner with Greenbacker on the Cider project, a landmark achievement for renewable energy in New York. This project stands as a testament to our collective mission to deliver impactful, scalable clean energy solutions. ”
Sam Brown, Chief Banking Officer at Amalgamated Bank
Why This Matters
This milestone financing represents a strategic collaboration between two mission-aligned organizations dedicated to environmental sustainability and economic development. Amalgamated Bank’s investment in the Cider solar farm not only supports one of the largest renewable energy projects in New York's history but also reflects a broader commitment to the clean energy transition. With a projected impact of powering over 120,000 homes and fostering local employment, the Cider project sets a powerful precedent for scalable, socially responsible energy infrastructure in the U.S.
