These projects are expected to create more than 1,900 near-term, family-supporting jobs and generate more than $6 billion in private investment while reinforcing the State’s commitment to the development of locally-produced clean energy, grid resiliency and economic development.
“New York is creating competitive opportunities for the clean energy industry, and we could not do this without the shared commitment of our private partners,” Hochul said. “The advancement of renewable energy is part of the foundation of New York’s plan to transform to a zero-emission electricity system and continue our green economy’s momentum forward.”
These contracted awards are the result of the New York State Energy Research and Development Authority’s (NYSERDA) 2024 Tier 1 Renewable Energy Standard solicitation. Once constructed, the projects will produce approximately 5,000 gigawatt-hours annually–which is enough to power more than 670,000 homes–provide public health benefits resulting from reduced exposure to harmful air pollutants; and provide more than $300 million in commitments to disadvantaged communities, as defined by the Climate Justice Working Group, from long-term payments to community benefit funds.
New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “As New York transitions to a clean energy economy, we celebrate these 26 projects and the significant energy they will provide. New York remains an innovator in accelerating clean energy projects, advancing clean energy jobs, and spurring economic development opportunities for businesses and our local communities all across our state.”
Capital Region
Central New York
Finger Lakes
Mohawk Valley
North Country
Southern Tier
Western New York
The payments under the contracted projects will only begin once projects are constructed and begin delivering renewable energy to New York after obtaining all required permits and approvals. Several projects have already commenced construction activities. All projects are expected to be operational by 2029.
Alliance for Clean Energy New York Executive Director Marguerite Wells said, “The benefits of locally-produced renewable energy are immense and wide-ranging. We thank Governor Hochul for continuing to guide the state through our clean energy transition, which will not only benefit the New Yorkers of today but also those of generations to come. Today’s announcement shows there is continued enthusiasm from private developers to invest in New York, and New York remains ready to greet them.”
