New York Backs 11 Large-scale Renewable Projects

New York Backs 11 Large-scale Renewable Projects

Jan 20, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 1/18/17, UtilityDIVE reported that “New York Gov. Andrew Cuomo last week announced the state would provide $360 million to support 11 large-scale renewable energy projects, a diverse mix that includes solar, wind, hydro, and fuel cell technologies. When completed, the projects will add more than 260MW of carbon-free energy to the state’s portfolio, which it has been revamping through the Reforming the Energy Vision strategy. The New York State Energy Research and Development Authority, which is providing the support, said the energy produced from the projects will average $24.24/MWh over the course of 20-year contracts.”

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