New York launches RFP with $150 M support for renewable energy projects

New York Governor Andrew M. Cuomo recently announced $150 million in funding to support large-scale renewable energy projects across the state.

This funding will 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.

Governor Cuomo said: 

“This state is a national leader in combatting climate change and with this investment, we are taking our unprecedented efforts 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.”

Support for these new large-scale projects will be provided by the New York State Energy Research and Development Authority (NYSERDA) in its final solicitation through the Main Tier of the state's Renewable Portfolio Standard. New York State’s future large-scale renewables strategy through the Clean Energy Standard is now under consideration by the Public Service Commission.

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. More information about the solicitation process is available at nyserda.ny.gov/rfp3257.

The applications are due by May 26, 2016, and the request for proposals will be implemented through a two-step process, consisting of the first step that will prequalify bidders, and second that comprises a competitive bid proposal submission.

The winning bid proposals are expected to be announced in August, 2016.