NYSERDA Offering $250M For Renewable Energy Projects

Posted by SI Staff on December 26, 2012 No Comments
Categories : New & Noteworthy

Gov. Andrew M. Cuomo, D-N.Y., has announced $250 million in funding now available for a broad range of renewable energy generation projects. This funding is a component of the governor's Energy Highway Blueprint, which is intended to upgrade and modernize New York's aging energy infrastructure.

Funding for these renewable projects is administered by the New York State Energy Research and Development Authority (NYSERDA) through the state's renewable portfolio standard (RPS), and is targeted to electric generation projects that use wind, hydroelectric, solar, biomass or other clean energy resources.

The RPS funding will be awarded competitively, with recipients expected to be announced by summer 2013.

Under the RPS program, NYSERDA has current ‘Main Tier’ contracts with 54 large-scale renewable electricity generators. These projects include two biomass facilities, 10 landfill biogas operations, 25 hydroelectric facilities and 17 wind farms.

More information about the RPS program is available here.

Leave a Comment