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$54 million to fund large solar power projects across the state | |||||
ALBANY - $54 million has been awarded under the NY-Sun initiative for 79 large-scale solar energy projects across the state. The new projects will add 64 megawatts to the state’s solar capacity. “With these major investments through the NY-Sun initiative, New York State is leading the nation in solar energy generation, addressing climate change and growing our clean energy economy,” Governor Andrew Cuomo said. “Not only will these projects benefit our environment by reducing dependence on fossil fuels and using renewable energy, but they are also creating well-paying jobs for New Yorkers. These are necessary investments for a bright future in our state.” The announcement on Tuesday includes awards made to 20 recipients to finance projects at 79 large-scale solar energy sites in 26 counties across the state. Installations will be located at businesses, factories, municipal buildings, colleges and other larger commercial and industrial companies and institutions. Some projects taking full advantage of this construction season may be on line by the end of this year, but most are expected to be completed in the first half of next year. As a result of the NY-Sun initiative, more photovoltaic (PV) systems are now being deployed in the state than in the prior decade. The $54 million from the State, awarded through a competitive program, leverages $120 million in private investment, resulting in roughly $174 million in infrastructure projects. The NY-Sun Competitive PV Program, which provides incentives for PV systems larger than 50 kilowatts, is administered by the New York State Energy Research and Development Authority (NYSERDA). Funding per project is capped at $3 million, and all projects require co-funding to leverage state resources. Today’s awards are made under the second of three rounds of the NY-Sun Competitive PV solicitation, which is a key component of New York’s Renewable Portfolio Standard program. Proposals for the third round are due August 29. Potential locations of solar energy sites, pending approval of permitting and other requirements, by region include:
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ROILO GOLEZ, Philippine National Security Adviser (2001-2004). The world and the Philippines as Roilo Golez sees it. With focus on national security, geopolitics, geo-security, economics, science and government.
Wednesday, July 10, 2013
$54 million to fund large solar power projects across the state, New York
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