New York is investing nearly $191 million in wind, hydroelectric and landfill-to-gas projects to provide renewable energy access throughout the state. The funds will be awarded through the New York State Energy Research and Development Authority (NYSERDA) and the Public Service Commission (PSC) and will cover 17 projects.
NYSERDA estimates that these power projects will produce nearly $500 million in economic benefits over the expected 20-year life of the facilities. The projects will be funded through the state’s Renewable Portfolio Standard (RPS), is tasked with ensuring that at least 30 percent of New York’s electricity come from renewable sources by 2015.
Once operational, the 17 projects will add 315 megawatts of renewable capacity to New York’s generator resource base and produce about 1 million megawatt-hours per year of clean renewable energy. That will provide power to supply approximately 145,000 homes per year.
The wind projects chosen will go to farms in Steuben, Wyoming, Cattarugus and Clinton counties. The hydroelectric work will expand an existing facility in Saratoga County as well as re-powering three other facilities.
“New York has one of the most ambitious and responsible renewable energy targets in the nation: 30 percent by 2015. These projects represent the future of energy in New York State and will result in a grid that is efficient, affordable, clean and reliable for generations to come,” Governor Cuomo said.