in News Departments > New & Noteworthy
print the content item

Gov. Andrew M. Cuomo, D-N.Y., has announced that $250 million is available to fund large-scale clean energy projects such as wind farms, fuel cells, biomass facilities, renewable biogas, and hydropower upgrade projects.

"With access to some of the brightest minds in the country, as well as an abundance of renewal natural resources, New York has been a leader in renewable energy development and is committed to building a diversified, modern power grid," says Cuomo. "This investment will help us reach this goal by driving the development of new projects and boosting economic growth in the process."

Funding will be provided by the New York State Energy Research and Development Authority (NYSERDA) through the state’s renewable portfolio standard (RPS), and contracts for these projects will be awarded for a term of up to 20 years.

NYSERDA says its previous eight RPS Main Tier solicitations for large-scale renewable projects have resulted in approximately 1.9 GW of installed capacity at 65 projects. A recent New York Public Service Commission order instructed NYSERDA to issue at least one more RPS solicitation in 2015, as well as to double the length of current contract terms to 20 years.

"In keeping with Governor Cuomo’s energy priorities, changes in this solicitation will increase the feasibility of developing large renewable energy generation projects in New York State that will spur economic opportunities," comments John B. Rhodes, president and CEO of NYSERDA. "We expect this updated program design to attract greater private-sector investment to help reduce strain on the electric grid and protect the environment."

NYSERDA says that for every dollar New York invests in RPS Main Tier projects, the state realizes an additional $3 in economic benefit. More than $2.7 billion of direct investment in New York State is expected to occur as a result of existing Main Tier projects in the form of jobs, payments to public entities, in-state purchase of goods and services, and land leases.

More information about the ninth Main Tier solicitation is available here.






Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934