New York Funding Boosts Hydroelectric, Wind, and Biomass Energy

January 11, 2010

Governor David Paterson announced on January 8 that the New York State Energy Research and Development Authority (NYSERDA) in conjunction with the New York State Public Service Commission (PSC), will provide nearly $300 million for renewable energy projects under the Renewable Portfolio Standard Program (RPS). These awards will help the state achieve Paterson’s goal of meeting 45% of the state’s energy needs through energy efficiency and renewable energy by 2015.

Included in these renewable energy developments are $96 million awarded from the most recent competitive solicitation to five large-scale electric generating projects. These funds will support wind power initiatives at the Hardscrabble wind project in Herkimer County, and the Beekmantown wind project in Clinton County. Funds have also been allocated for hydroelectric upgrades to the School Street and Stewarts Bridge power projects in Albany and Saratoga Counties, and new initiatives at the Onondaga Renewables biomass plant in Onondaga County. The projects will add more than 142 megawatts of renewable capacity and produce nearly 578,656 megawatt hours per year of clean energy, enough to supply approximately 85,000 homes.

Last month, on December 16, the PSC expanded the state's RPS goal from 25% to 30% of projected electricity consumption by 2015. The new target equates to 10.4 million megawatt hours in 2015. In addition, the new standard reflects an expected 15% reduction in electricity usage gained from energy efficiency. Those savings are being sought under the commission’s related initiative, the Energy Efficiency Portfolio Standard program. Combined, the two initiatives could enable the state to reach a 45% clean energy mark by 2015. See the governor's press release (PDF 49 KB). Download Adobe Reader.