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New York State Department of Public Service Approves Clean Energy Project

Strategic Insights

— 2 min read

The New York State Department of Public Service has announced the approval of the Clean Path New York (CPNY) project, a large-scale renewable energy initiative designed to meet the state's goal of generating 70% of its electricity from renewable sources by 2030. The project, which will consist of 3,800 megawatts of new in-state solar and wind power projects, will provide significant economic, environmental justice, and public health benefits to all New Yorkers.

The CPNY project will create over 8,000 clean energy and construction jobs, reduce fossil fuel-powered electricity generation in New York City by more than 80% by 2030, and provide direct health benefits by reducing emissions of air pollutants associated with fossil fuel combustion. As a condition of project approval, the CPNY project will include the initiation of a $270 million fund focused on making investments in health services, environmental conservation, and workforce development programs in environmental justice communities.

The project will also drive significant energy delivery cost savings to ratepayers by alleviating congestion on New York's power grid. The New York Power Authority (NYPA) has collaborated with the CPNY project team and will provide several benefits, including its extensive experience in developing and maintaining bulk transmission in New York State, as well as utilizing NYPA's Blenheim-Gilboa Pumped Storage Facility as an energy storage resource.

Key Takeaways:

  • The New York State Public Service Commission approved the Clean Path New York (CPNY) project, a large-scale renewable energy initiative to meet the state's goal of generating 70% of its electricity from renewable sources by 2030.
  • The CPNY project will consist of 3,800 megawatts of new in-state solar and wind power projects, and will provide significant economic, environmental justice, and public health benefits to all New Yorkers.
  • The project will create over 8,000 clean energy and construction jobs, reduce fossil fuel-powered electricity generation in New York City by more than 80% by 2030, and provide direct health benefits by reducing emissions of air pollutants associated with fossil fuel combustion.
  • As a condition of project approval, the CPNY project will include the initiation of a $270 million fund focused on making investments in health services, environmental conservation, and workforce development programs in environmental justice communities.
  • The NYPA will assume ownership of the northern portion of the CPNY transmission line 25 years after completion of construction, and ownership of the southern portion of the CPNY transmission line upon completion of construction.

Statistics:

  • 3,800 megawatts of new in-state solar and wind power projects will be developed as part of the CPNY project.
  • The project will create over 8,000 clean energy and construction jobs.
  • The CPNY project will reduce fossil fuel-powered electricity generation in New York City by more than 80% by 2030.
  • The project will provide direct health benefits by reducing emissions of air pollutants associated with fossil fuel combustion.
  • $270 million fund will be initiated as a condition of project approval, focused on making investments in health services, environmental conservation, and workforce development programs in environmental justice communities.

Sources:

  • New York State Department of Public Service (February 7, 2022) - 1
  • NYSERDA (November 30, 2021)
  • New York Power Authority (January 2022)
  • Climate Leadership and Community Protection Act (September 13, 2019) - 2

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