Friday 23 September 2022

New York seeks 2GW or more of large-scale renewable energy projects

New York is calling for 2GW or more of new large-scale renewable energy projects under its sixth competitive solicitation.

The development of the projects will have the capacity to power at least 600,000 homes and is expected to spur nearly $3 billion (£2.7bn) in clean energy investments while creating more than 2,000 green jobs.

The projects are also expected to reduce carbon emissions by two million metric tons – equivalent to removing half a million cars from the road annually.

In addition, the latest solicitation will support New York's goal to obtain 70% of electricity statewide from renewable energy sources by 2030.

The New York State Energy Research and Development Authority (NYSERDA) expects to notify the awarded developers in spring 2023.

Governor Kathy Hochul said: “Renewable energy is the backbone of New York's sweeping approach to cleaning our electric grid and offers the industry a reliable path to join in our clean energy transition for the benefit of all New Yorkers.

“The strong public-private partnerships formed to build these projects will allow us not only to drastically lower emissions in our fight against climate change but will result in thousands of new green jobs, billions of dollars in economic growth and an injection of private investment into local communities.”