NYSERDA, PSC Announce Funds For RE Projects

NAW Staff, Tuesday 25 January 2011 - 00:00:00

The New York State Energy Research and Development Authority (NYSERDA) and the Public Service Commission (PSC) have announced that approximately $250 million is available to fund a broad range of renewable energy generation projects.

Supported by the state's renewable portfolio standard (RPS), the funds will be awarded competitively through a solicitation for electric generation projects using wind, hydroelectric, biomass or other clean energy resources. Awards under this solicitation are expected to be announced in April. 

Under the RPS program, NYSERDA has awarded funding on a competitive basis to 39 large-scale renewable electricity generators that are expected to produce enough electricity to provide 4.3 million MWh of renewable energy per year. These include 14 wind farms, three biomass facilities, one landfill biogas operation and 21 hydroelectric upgrades. 

SOURCE: New York State Energy Research and Development Authority


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