March 2017

NY Governor Cuomo announces $360 million for 11 renewable energy projects

New York Governor Andrew Cuomo has announced $360 million in awards for 11 large-scale renewable energy projects throughout the state, projects which are expected to provide strong support for the Clean Energy Standard that 50 percent of New York's electricity come from renewable energy sources by 2030.

The awards will leverage almost $1 billion in private sector investment for clean technology projects such as wind, solar, fuel cell and hydroelectric installations. They are expected to generate enough clean, renewable energy to power more than 110,000 homes each year and reduce carbon emissions by more than 420,000 metric tons, equivalent to taking more than 88,000 cars off the road.

The 11 projects include two wind farms, one utility-scale solar farm, seven hydro projects, and one fuel cell project, reflecting the strength and diversity of New York's clean economy under the Governor's Reforming the Energy Vision (REV) strategy. Once operational, these projects will add over 260 megawatts of clean, renewable energy for use in New York State.

Due to the robust response to the solicitation and the approval of the Clean Energy Standard, which calls for the development of renewable and clean energy sources under REV, the amount of the solicitation was increased $210 million, from $150 million to $360 million.

Support for these new projects is being provided by the New York State Energy Research and Development Authority (NYSERDA).

These projects further New York's efforts to develop clean energy infrastructure. NYSERDA's previous ten Main Tier solicitations for large-scale renewables have resulted in approximately 2,152 megawatts of new renewable capacity at 70 locations throughout the state, generating more than five million megawatt-hours of renewable energy every year. The power generated from these 70 projects is expected to provide enough clean power to supply over 825,000 homes per year, representing a total of $1.24 billion in investments in the Main Tier program.

https://www.nyserda.ny.gov