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New York commits $1.4bn to develop 1.38GW renewable energy projects

CTBR Staff Writer Published 13 March 2018

New York State Governor Andrew M. Cuomo has announced an investment of $1.4bn to develop renewable energy projects with a total capacity of 1.38GW.

The investment is expected to develop more than 26 large-scale renewable energy projects across the state and create more than 3,000 short and long-term jobs.

Apart from reducing carbon emissions by over 1.6 million metric tons, the projects are expected to generate enough clean, renewable energy to power more than 430,000 homes.

The new projects include 22 solar farms, which show that large-scale solar power is now economically viable in New York for the first time. Other projects include three wind farms and one hydroelectric project.

Construction on several projects is expected to begin this April this year, while all the projects are anticipated to be operational by 2022.  

In addition, it has also been stated that these projects can advance the Clean Climate Careers initiative announced last year by the Governor. The initiative focuses on speeding up renewable energy and energy efficiency across the state, while generating 40,000 new clean energy jobs by 2020.

The New York State Energy Research and Development Authority president and CEO Alicia Barton, said: "This is an historic moment for New York as we make the largest purchasing commitment to renewable energy by a state in the history of our country.

“Achieving 50% of New York's electricity from renewable sources by 2030 is a cornerstone of Governor Cuomo's nation-leading agenda to fight climate change, and I look forward to watching these projects create jobs, expand our clean energy economy and provide New Yorkers with clean, reliable power for decades."

Cuomo has also requested that New York be excluded from the new five year National Outer Continental Shelf Oil and Gas Leasing Program.

In January 2018, the federal government unveiled the program, which proposes to make over 90% of the total offshore acreage in the US available to oil and gas drilling. 

Image: NY State to invest in 22 solar farms. Photo: Courtesy of RK008/FreeDigitalPhotos.net.