December 1, 2021 Read More →

State approves new renewables transmission lines for New York City

S&P Global Platts ($):

A New York State agency Nov. 30 said it has approved two contracts to deliver solar, wind and hydropower into New York City through new transmission lines, with an expected average Tier 4 renewable energy credit cost of $28.29/MWh for both projects.

“This announcement not only accelerates our pace to achieving the goal for having 70% of New York State’s energy to come from renewable resources, we’re also creating sustainable jobs, reducing our dependence on fossil fuels, and paving the way for cleaner air and a healthier future for all New Yorkers,” New York Governor Kathy Hochul said in an emailed statement.

The project proposals were submitted in response to the New York State Energy Research and Development Authority’s solicitation under the Tier 4 renewable energy credit program.

In total, the two transmission lines will transport approximately 18 million MWh/yr. of upstate and Canadian renewable energy, according to NYSERDA.

[Jared Anderson]

More: Contracts approved for transmission lines to bring renewable power into New York City

Comments are closed.