The New York State Public Service Commission (PSC) has received a report from the staff of the Department of Public Service on the implementation status of the state's renewable portfolio standard (RPS) program following two renewable energy requests for proposals (RFP). The report describes planned actions that will further implement the program, including a third RFP scheduled for later this year.
The New York State Energy Research and Development Authority (NYSERDA), the entity the PSC appointed as the program's central administrator, estimates that the total new renewable capacity associated with New York's RPS program could exceed 1,213 MW by fall 2008. The first renewable energy solicitations for New York resulted in contracts for approximately 3,000,000 MWh of renewable energy from 26 projects, totaling more than 800 MW.
NYSERDA estimates that more than $1.9 billion will be invested to construct the New York-based renewable generation facilities awarded contracts under the RPS.