The New York State Energy Research and Development Authority (NYSERDA) and the Public Service Commission announced that approximately $250 million is available to fund a broad range of renewable energy generation projects in New York State.
Supported by the state’s Renewable Portfolio Standard (RPS), the funds will be awarded competitively through a solicitation released Monday 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 megawatt-hours of renewable energy per year. These include three biomass facilities, one landfill biogas operation, 21 hydroelectric upgrades, and 14 wind farms.
New York’s RPS program has been successful at attracting investments in clean energy and diversifying the in-state resource mix. Wind capacity in operation is nearly 25 times what existed prior to the RPS Program and, in 2010, New York was ranked first in the Northeast and eighth nationally in installed wind capacity.
“This renewable energy program has been a key element for obtaining a more diversified energy portfolio for New York State, as well as helping to create much-needed clean energy jobs,”
Public Service Commission Chairman Garry Brown said.
Coupled with the release of this latest competitive solicitation, NYSERDA has also posted on its website a schedule of future solicitations, which are expected to take place at least annually over the next several years.
Information on the RPS program can be found at the link below.
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