N.Y. Awards $300 Million For Renewable Energy Projects

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The New York State Energy Research and Development Authority (NYSERDA), in conjunction with the Public Service Commission (PSC), will provide nearly $300 million for renewable energy projects under the state's renewable portfolio standard program.

Included in these renewable energy developments are $96 million from the most recent competitive solicitation to five large-scale electric generating projects. These funds will support wind power initiatives at the Hardscrabble wind project in Herkimer County, and the Beekmantown wind project in Clinton County.

‘The much-needed development and expansion of our renewable energy resources will help New York take greater control of its energy future,’ says Garry Brown, chairman of the PSC.

The projects will add more than 142 MW of renewable capacity and produce nearly 578,656 MWh of energy a year. Developers estimate that these projects will also provide more than $91 million of in-state benefits over the next three years through new jobs, increased property tax revenues, royalty payments to landowners.

SOURCE: Office of Gov. David A. Paterson

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