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New York: New competitive program to retain existing renewable energy resources

Christian Fernsby |
Governor Andrew M. Cuomo today announced the launch of a new large-scale renewable energy procurement program.

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Topics: NEW YORK   

Known as Competitive Tier 2, it will retain New York's existing renewable energy resources, promote lower statewide carbon emissions, and help support the state's economic recovery by increasing in-state competition and reducing energy costs.

Today's announcement demonstrates swift progress under the State's recently expanded Clean Energy Standard and advances Governor Cuomo's goal to obtain 70 percent of the state's electricity from renewable sources by 2030 as mandated in the Climate Leadership and Community Protection Act.

Administered by the New York State Energy Research and Development Authority, the new Competitive Tier 2 renewable energy program will ensure the state's existing baseline renewable energy generation is retained through three annual solicitations, in parallel with NYSERDA's other solicitations for new large-scale land-based and offshore wind projects.

In its first Competitive Tier 2 solicitation, issued today, NYSERDA is seeking proposals from existing privately-owned hydropower and land-based wind generators in New York State that entered commercial operation prior to January 1, 2015.

NYSERDA's procurement approach will increase the amount of locally-produced renewable energy under contract with New York State, promote greater in-state competition to help the State achieve the lowest possible cost of renewable energy for New Yorkers, and allow Community Choice Aggregations to continue to voluntarily participate in the market.

NYSERDA will evaluate the competitive proposals based on the lowest price received.

Proposals are due on February 24, 2021 by 3:00 P.M. NYSERDA expects to announce the awards in the second quarter of 2021. A webinar will be held on January 26, 2021 at 3:30 P.M. to provide interested proposers with an opportunity to learn more about this solicitation.


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