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New York invests US$150m in renewable energy projects

The New York State Energy Research and Development Authority (NYSERDA) and the Public Service Commission (PSC) have made US$150 million available to fund a range of renewable energy projects in New York State.

By Kari Williamson

The funds, which are supported by the state’s Renewable Portfolio Standard (RPS), will be awarded competitively through a solicitation for electric generation projects using wind, hydrpower, biomass or other renewable energy resources. Awards are expected to be announced in mid-December.

So far under the RPS program, NYSERDA has awarded funding to 51 large-scale renewable electricity generators that are expected to produce enough electricity to provide 5.3 TWh of renewable energy annually. The projects include three biomass facilities, 8 landfill biogas operations, 23 hydropower upgrades, and 17 wind farms.

It is estimated that the projects currently in the programme could deliver over US$2.1 billion in direct economic benefits over the next 20 years to New York.

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