New York opens auction for 2 GW of large-scale renewables

New York Governor Kathy Hochul on Wednesday launched a tender for new large-scale renewable energy projects, targeting at least 2 GW of capacity.

The competitive process is the US state’s sixth solicitation for large-scale renewables. It is expected to facilitate the development of new projects that are seen to bring close to USD 3 billion (EUR 3.05bn) worth of clean energy investments. The initiative, held by the New York State Energy Research and Development Authority (NYSERDA), is in line with New York’s target of 70% renewable electricity by 2030.

The solicitation is open to any large-scale project that can be certified as a Tier 1 renewable technology that have been brought online after January 1, 2015. Projects that are still in the works should have a commissioning deadline by May 2025, with an extension option to May 2028.

Step One eligibility applications will be accepted by November 16, 2022. Winners are due to be announced in the spring of 2023.

"Renewable energy is the backbone of New York's sweeping approach to cleaning our electric grid and offers the industry a reliable path to join in our clean energy transition for the benefit of all New Yorkers," Governor Hochul said.

When installed, the targeted capacity will generate roughly 4.5 million MWh of power annually, or enough to cover the consumption of at least 600,000 New York homes.

(USD 1.0 = EUR 1.016)

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