Governor Cuomo Announces $150 Million in funding for Large Scale Renewable Energy Projects

Posted by: Allison Friedman // Rate It Green Admin

Governor Cuomo announced $150 million in funding to support large-scale renewable energy projects across the state to facilitate public-private partnerships to advance the Governor’s Reforming the Energy Vision strategy and ensure the state meets its goal of generating 50 percent of its electricity from carbon-free renewable energy projects by 2030.

This $150 million competitive solicitation supports significant private investment in renewable energy sources such as solar and wind, fuel cells, biomass, renewable biogas and upgrades to hydropower projects. Contracts will be awarded for a term of up to 20 years.

The announcement was made by Lieutenant Governor Kathy Hochul at the semi-annual Advanced Energy Conference held at Jacob Javits Convention Center in New York City. According to the Lieuenant Governor, "By leveraging private investment, we make it possible for the next generation of entrepreneurs and innovators to create a future defined by renewable, sustainable energy production. We will cut costs to consumers, create jobs and combat climate change for the coming generations."

Governor Cuomo describes the investment as "One more step toward a cleaner and greener New York.... This funding will advance large-scale energy projects, continue build a clean energy economy, and generate opportunity for New Yorkers for generations to come."


For more information, visit the Sustainable City Network: http://www.sustainablecitynetwork.com/topic_channels/energy/article_0617cade-0b5a-11e6-9826-4375054fb35c.html