ALBANY, N.Y. — New York Gov. Andrew M. Cuomo has announced a nearly $1 billion commitment to NY-Sun, which is expected to significantly expand deployment of solar power throughout the state. The NY-Sun initiative provides long-term funding for solar that is expected to boost existing businesses and attract new investments from solar companies to generate economic growth.

“This $1 billion investment underscores New York’s commitment to growing the clean energy economy,” Cuomo said. “By providing long-term funding certainty, the state is attracting private sector investment, creating new economic opportunities, and supporting sustainable development.”