Andrew Kessler is the President of NY Green Bank, a Division of NYSERDA. Over a 28-year career, Mr. Kessler has developed extensive experience in corporate and project finance and advisory as well as operational management, corporate development, and project development. Prior to joining NY Green Bank, Mr. Kessler founded and led the Biogas, Waste & Recycling Advisory group at the Danish Trade Council based in Washington, D.C. and served as Co-Head of the Danish Trade Council’s North America Energy & Environment Group. In 2010, Mr. Kessler founded Turning Earth, an integrated organics recycling company focused on converting organic waste streams into biogas and other beneficial resources. Prior to launching Turning Earth, Mr. Kessler spent 15 years as an investment banker holding senior positions as a corporate finance and mergers & acquisitions professional at various firms including HSBC, Waller Capital, Morgan Stanley, and Duff & Phelps. He has executed equity, debt, and M&A transactions across a diverse set of sectors and markets and has served in numerous corporate governance leadership roles. Mr. Kessler has written and lectured on renewable energy topics and regularly speaks at industry forums and conferences. Mr. Kessler earned a bachelor’s degree in Economics from the University of Virginia and a Master of Business Administration at New York University’s Stern School of Business.
New York is becoming increasingly attractive for both onshore and offshore investment in solar, wind, green hydrogen and energy storage. A multi-gigawatt onshore renewables tender is on the cards for New York State with the announcement last week that NYSERDA is planning a minimum of 2GW of large-scale energy storage, solar and wind. Eligible projects will see 20-year subsidy contracts from the state. This pushes the state closer to its goal of 70% of power from carbon-free sources by 2030 and will see almost $3bn in fresh investment.