Solar, Sourcing Renewables, Wind - December 5, 2024
NY Signs Contracts for RE Projects
New York Governor Kathy Hochul announced that contracts have been executed for 23 large-scale land-based renewable energy projects that will provide more than 2.3 gigawatts of clean energy throughout the state.
“New York continues to foster competitive opportunities for the clean energy industry to thrive,” Governor Hochul said in a statement. “We are delivering on our commitment to make New York more prosperous by harnessing the benefits of a growing clean energy economy, increasing family sustaining jobs and spurring private investment within communities across the State while remaining focused on keeping energy affordable for all New Yorkers.”
The contracted awards are the result of the New York State Energy and Research Development Authority’s (NYSERDA) 2023 Tier 1 Renewable Energy Standard solicitation. The projects are expected to reduce CO2 equivalent emissions by 2.3 million metric tons annually.
The payments under the contracted projects will only begin once projects are constructed and begin delivering renewable energy to New York after obtaining all required permits and approvals. Several projects have already commenced construction activities, and all of the projects are expected to be operational by 2028.
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