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$360 million alloted for 11 new large-scale renewable energy projects

February 7th, 2017 Posted in Front Section No Comments
Photo of New York Governor Andrew Cuomo

Governor Andrew Cuomo

Albany, NY During his State of the State, governor Andrew Cuomo alloted $360 million in awards for 11 large-scale renewable energy projects throughout the state. These projects provide strong support for the Clean Energy Standard that 50% of the state’s electricity come from renewable energy sources by 2030.

The awards will leverage almost $1 billion in private sector investment for clean technology projects such as wind, solar, fuel cell and hydroelectric installations. The projects are expected to generate enough clean, renewable energy to power more than 110,000 homes each year and reduce carbon emissions by more than 420,000 metric tons, equivalent to taking more than 88,000 cars off the road.

The 11 projects include two wind farms, one utility-scale solar farm, seven hydro projects, and one fuel cell project, reflecting the strength and diversity of state’s clean economy under the governor’s Reforming the Energy Vision strategy.

Due to the robust response to the solicitation and the approval of the Clean Energy Standard, which calls for the development of renewable and clean energy sources under REV, the amount of the solicitation was increased $210 million, from $150 million to $360 million.

The 11 large-scale renewable energy projects include:

Capital Region: Hecate Energy Green County, Greene County: Hecate Energy LLC will build a 50 MW solar facility in Coxsackie.

Central New York: Fulton Unit 1, Oswego County: Brookfield Renewable Energy Group, will install a new 890 kW high-flow turbine-generator at a hydroelectric facility in Oswego County; and North Division St. Dam Hydroelectric Facility, Cayuga County: The city of Auburn will upgrade equipment, increase capacity and restore operation of the hydroelectric facility, resulting in 1.12 MW capacity.

Mid-Hudson: Swinging Bridge, Sullivan County: Eagle Creek Hydro Power LLC will add 0.85 MW to an existing hydroelectric facility in Lumberland, resulting in a total installed capacity of more than 7 MW; and Regen DG Project, Westchester County: Bloom Energy Corp. will install a 1.05 MW fuel cell at Regeneron Pharmaceuticals, Inc. in Tarrytown.

Mohawk Valley: Belfort Unit 3, Herkimer County: Brookfield Energy Marketing LP upgraded its existing facility in Beaver River with two modern high-efficiency runners, resulting in a total installed capacity of 2.4 MW.

North Country: Number Three Wind Farm, Lewis County: Invenergy Wind Development LLC will build a 105.8 MW wind farm in Lowville, Harrisburg and Denmark; and Glen Park, Jefferson County: Northbrook New York LLC, a subsidiary of Cube Hydro Partners, LLC: Upgraded equipment at existing hydroelectric facility, resulting in a total installed capacity of over 32 MW; and Tannery Island Hydro, Jefferson County: Ampersand Tannery Island Hydro LLC installed and upgraded new equipment resulting in a total installed capacity of more than 1.8 MW.

Southern Tier: Eight Point Wind Energy Center, Steuben County: NextEra Energy Resources LLC will build a 101.2 MW wind farm in Greenwood, Troupsburg and West Union.

Western New York: Burt Dam Incremental Hydro, Niagara County: Ampersand Olcott Harbor Hydro LLC recently upgraded equipment resulting in a total installed capacity of 600 kW.

Support for these new projects is being provided by NYSERDA. The weighted average award price for this solicitation is $24.24 per megawatt hour of production over the 20-year terms of the awarded contracts.

John Rhodes, president and CEO, NYSERDA said, “Large-scale renewables are a critical component in achieving governor Cuomo’s nation-leading energy goals of 50 percent renewable power by 2030 and a 40% reduction in greenhouse gas emissions over the same time. These projects will provide renewables, aggressively reduce emissions and make energy more affordable for New Yorkers.”

These projects further New York’s ambitious efforts to develop the clean energy infrastructure of tomorrow. NYSERDA’s previous ten Main Tier solicitations for large-scale renewables have resulted in approximately 2,152 megawatts of new renewable capacity at 70 locations throughout the state, generating more than 5 million megawatt-hours of renewable energy every year. The power generated from these 70 projects is expected to provide enough clean power to supply over 825,000 homes per year, representing a total of $1.24 billion in investments in the Main Tier program.

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Publisher
Kristine is the Publisher of the weekly Run of the Paper (ROP), monthly Long Island section, and monthly Spotlights. Kristine has been with the New York Real Estate Journal since 1993. Kristine, of Norwell, is a graduate of the University of Mass.-Amherst.