AdobeStock_624449751

As part of New York’s all-of-the-above energy strategy, Governor Kathy Hochul announced on September 26 a coordinated set of actions to accelerate the deployment and construction of reliable and clean energy across New York State that will help stabilize energy prices. Recognizing the near-term need for power to meet increasing electricity demand as well as economic development needs and the importance of adapting to shifting federal policies, Governor Hochul is launching a new solicitation for renewable energy and directing state agencies to work together to responsibly advance shovel-ready renewable energy projects as quickly as possible. These efforts are designed to support New York ratepayers by using sunsetting federal clean energy tax credits to bring down costs.

“While the federal government takes us backward on energy policy, New York will not be thwarted in its commitment to clean energy. By directing our state agencies to move projects across the finish line, we are seizing every opportunity to leverage federal incentives, reduce costs for ratepayers, and build a more resilient, sustainable and reliable energy grid,” Governor Hochul said. “Together, these actions are expected to unlock billions in private investment, create thousands of good-paying jobs, and build a durable energy economy that benefits New Yorkers for decades to come.”

New York’s current pipeline of large-scale renewable energy is comprised of 102 solar, land-based wind, hydroelectric and offshore wind projects operating and under development that will deliver over 9.7 gigawatts of clean power to the grid when completed – enough energy to power over 3 million New York homes. The development of projects as a result of this solicitation is expected to spur over five billion dollars in clean energy investments and create more than 2,500 family-sustaining jobs in the energy economy across New York.

New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “New York is all about progress and we are not stopping. We are going to continue building out our energy economy and growing our already robust land-based renewables portfolio. This solicitation will serve as another building block to help ensure a continuous pipeline of viable large-scale projects as part of New York’s versatile clean energy future.”

Directive to Focus on Projects that May Qualify for Existing Federal Tax Credits

State agencies will intensify efforts to advance shovel-ready renewable energy projects, with a focus on qualifying projects that seek to access existing federal tax credits that will expire. This whole-of-government approach will responsibly streamline permitting, interconnection, financing, and contracting processes to ensure that as many projects as possible reach construction quickly, providing clean power to New York homes and businesses.

For more than fifty years, NYSERDA has been a trusted and objective resource for New Yorkers, taking on the critical role of energy planning and policy analysis, along with making investments that drive New York toward a more sustainable future. The launch of this solicitation continues to fuel the advancement of innovative technologies and solutions that will benefit New York residents as well as businesses.

New York State’s Climate Agenda

New York State’s climate agenda calls for an affordable and just transition to a clean energy economy that creates family-sustaining jobs, promotes economic growth through green investments, and directs a minimum of 35 percent of the benefits to disadvantaged communities. New York is advancing a suite of efforts to achieve an emissions-free economy by 2050, including in the energy, buildings, transportation, and waste sectors.