John B. Rhodes, NYSERDA President and CEO
UPSTATE WIND AND HYDROELECTRIC PROJECTS TO BRING 164 MEGAWATTS OF CLEAN ENERGY TO STATE'S ELECTRIC GRID
November 12, 2014Governor Andrew M. Cuomo today announced 206 million in awards to four Upstate large-scale clean energy projects that will help the State create a more diverse renewable energy portfolio to address energy and environmental challenges. The awardees include two large wind farms, one in Western New York and the other in the North County, a large new hydroelectric project in the Mohawk Valley and a small hydroelectric upgrade to an existing dam in the Hudson Valley. All four projects will help reduce greenhouse gas emissions and improve the resiliency of New York's energy infrastructure."As New York continues to develop a world class energy infrastructure, these new projects are reinforcing our commitment to providing clean energy to all New Yorkers," Governor Cuomo said. "Through these and other innovative energy projects supported by the State, we are developing a more sustainable mechanism for delivering cleaner, more reliable and resilient energy and will keep us moving forward."Once operational, the four projects will add approximately 164 megawatts of new renewable capacity, which will provide about 450,000 megawatt-hours per year of clean renewable energy to New York - enough energy to supply more than 60,000 average-sized homes per year.The four competitively-selected projects are:
* Arkwright Summit Wind Farm, 78 MW, Arkwright, Chautauqua County
* Jericho Rise Wind Farm, 78 MW, Chateaugay, Franklin County
* City of Watervliet Delta Hydroelectric Project, 8 MW, Rome, Oneida County
* Village of Wappingers Falls Hydroelectric Project, 100 kilowatts, Wappingers Falls, Dutchess County
The funding for these projects is provided in response to the New York State Energy Research and Development Authority's 9th Main Tier solicitation, a Request for Proposal issued earlier this year, and is being allocated through the State's Renewable Portfolio Standard, a policy that promotes the development of new renewable energy resources in New York State. The solicitation provides greater long term certainty to contractors through contract terms of up to 20 years, double the length of previous contracts.
"These clean-energy projects will bring more renewable energy to the state's electric grid, helping to meet Governor Cuomo's vision of a power delivery system in New York State that incorporates a greater amount of renewable energy," said John B. Rhodes, President and CEO, NYSERDA. "These four new projects will provide the additional benefit of bringing economic opportunities to communities across the state."The weighted average award price for the 9th Main Tier solicitation is 22.96 per megawatt-hour of production over the 20 year terms of the awarded contracts. This is approximately one third less than the average contract price for the previous solicitation, which was 34.95 per megawatt-hour of production for 10 year terms.In total, NYSERDA's nine Renewable Portfolio Standard Main Tier solicitations have funded 71 projects, generating more than 5 million megawatt-hours of renewable energy annually. NYSERDA will issue at least one more Main Tier solicitation under the Renewable Portfolio Standard in 2015. For more information on the 9th Main Tier solicitation, visit: www.nyserda.ny.gov/main-tier.This initiative is the latest example of New York's commitment to being at the forefront of shaping energy policy for a cleaner future. By developing innovative market solutions, the State is delivering on Governor Cuomo's commitment to transform the energy industry into a more resilient, clean, cost-effective and dynamic system. Working with State, citizen and industry-stakeholders, the way of doing business in New York is moving to a more market-based, decentralized approach, including preserving the environment, decreasing energy costs, and creating opportunities for economic growth for current and future generations. By advancing these new energy systems and solutions, New Yorkers will have access to more affordable and efficient energy, making the environment cleaner, more resilient and more sustainable for all.LAST UPDATED: 11/12/2014
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