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Renewable energy

New York State Announces Contracts for 26 Large-Scale Renewable Energy Projects

Strategic Insights

— 2 min read

New York Governor Kathy Hochul announced that contracts have been executed for 26 large-scale land-based renewable energy projects, which will provide over 2.5 gigawatts of clean energy, enough to power over 670,000 homes throughout the state. These projects are expected to create over 1,900 near-term jobs and generate over $6 billion in private investment, reinforcing the state's commitment to developing locally-produced clean energy, grid resiliency, and economic development.

Key Takeaways:

  • The 26 contracted projects will produce approximately 5,000 gigawatt-hours of energy annually, enough to power over 670,000 homes.
  • The projects will provide public health benefits resulting from reduced exposure to harmful air pollutants and provide over $300 million in commitments to disadvantaged communities.
  • The contracts are the result of the New York State Energy Research and Development Authority's (NYSERDA) 2024 Tier 1 Renewable Energy Standard solicitation.
  • The projects are expected to create over 1,900 near-term jobs and generate over $6 billion in private investment.
  • The State will continue to emphasize engagements with the projects' host communities and offer resources and no-cost technical assistance to help local governments understand how to manage responsible clean energy development.
  • The projects will add to New York's robust portfolio of large-scale renewable energy projects, now comprised of nearly 100 solar, land-based wind, hydroelectric, and offshore wind projects currently operating or under development.
  • The State's Climate Agenda calls for an affordable and just transition to a clean energy economy that creates family-sustaining jobs, promotes economic growth through green investments, and directs a minimum of 35 percent of the benefits to disadvantaged communities.

Statistics:

  • 26 large-scale land-based renewable energy projects contracted by New York State.
  • Over 2.5 gigawatts of clean energy to be provided by the projects.
  • Approximately 5,000 gigawatt-hours of energy to be produced annually.
  • Over 670,000 homes to be powered by the projects.
  • Over 1,900 near-term jobs expected to be created.
  • Over $6 billion in private investment expected to be generated.
  • $300 million in commitments to disadvantaged communities.
  • Projects to be operational by 2029.
  • Nearly 100 solar, land-based wind, hydroelectric, and offshore wind projects currently operating or under development.
  • Over 10 gigawatts of clean power expected to be delivered to the grid.
  • Over 3.3 million New York homes expected to be powered.
  • 35 percent of benefits expected to be directed to disadvantaged communities as part of the State's Climate Agenda.

Sources:

  • US State of New York
  • Governor Kathy Hochul
  • New York State Energy Research and Development Authority (NYSERDA)
  • New York State Department of Public Service
  • New York State Department of Environmental Conservation
  • New York State Department of Labor
  • New York State AFL-CIO
  • New York State Building Trades
  • Alliance for Clean Energy New York
  • New York League of Conservation Voters
  • Natural Resources Defense Council
  • Citizens Campaign for the Environment
  • Advanced Energy United

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