NYSERDA Announces $204M For Large-Scale RE Projects

0

The New York State Energy Research and Development Authority (NYSERDA), in conjunction with the Public Service Commission, has awarded $204 million in funding for eight large-scale renewable energy projects in the state.
The projects will be funded through New York's renewable portfolio standard (RPS), which finances the development of renewable energy resources. In 2004, New York established an RPS of 25% by 2013.

The funding will the Hardscrabble wind project in Herkimer County, Steel Winds II in Erie County and Marble River in Clinton County.

Horizon Wind Energy, a subsidiary of EDP Renewables, was awarded a contract to sell renewable energy certificates for a volume equivalent to 171 MW of capacity for 10 years from its Marble River Wind Farm, which is currently under development in Clinton County, N.Y.

Hydroelectric, biofuel, biomass and landfill gas-to-energy projects will also receive contracts from NYSERDA.

Once operational, the eight projects will add more than 318 MW of renewable capacity and produce nearly 1,100,00 MWh of renewable energy annually. The projects were competitively selected for funding from the fifth main-tier RPS solicitation. The weighted average price of the selected projects is $21.17/MWh of production.

SOURCES: The New York State Energy Research and Development Authority, Horizon Wind Energy

Leave a Comment
Your email address will not be published. Required fields are marked *

avatar
  Subscribe  
Notify of