New York Sees Renewables Progress

The summary of a report on New York's Renewable Electricity Standard (RES) makes for some interesting reading. Some highlights:

Two solicitations for renewable energy have resulted in contracts for approximately 3 billion kilowatt hours (MWh) of renewable energy from 26 projects, totaling more than 800 megawatts (MW), or enough clean energy to supply approximately 400,000 average-size homes.

The New York State Energy Research and Development Authority (NYSERDA) estimates that more than $1.9 billion will be invested to build the New York-based renewable generation facilities awarded contracts under the RES. NYSERDA estimates that these investments have the potential to yield more than $720 million of in-state economic benefits over a 20-year period.

In addition to the significant economic benefits, the facilities awarded contracts under the RES could result in potential reductions of 2,000 tons of nitrogen oxides, 4,400 tons of sulfur oxides, and 1.3 million tons of carbon dioxide per year.

NYSERDA is planning a third solicitation this fall, and says, "Considering the large number of wind projects under development, a significant number of potential bidders are expected, and consequently, reasonably priced bids are anticipated."

What is happening in New York is a good example of what can happen with strong leadership at the state level. Former Gov. George Pataki (R) and current Gov. Elliott Spitzer (D) deserve enormous credit for pushing this effort forward.

Regards
kkarthikeyan