New York has opened a competitive round to buy renewable energy certificates (RECs) from wind and hydropower projects that are already in operation.
The solicitation was opened by the New York State Energy Research and Development Authority (NYSERDA) on Friday. It seeks to attract proposals for Tier 2 eligible RECs from existing privately-owned hydropower and onshore wind farms across New York. The facilities need to have been switched on before January 1, 2015.
Proposals will be reviewed in terms of the lowest offered price. NYSERDA will accept offers by September 9, 2021, and will announce the winners in October 2021.
The competition is the second one under New York’s large-scale renewable energy procurement programme that backs the state’s goal of sourcing 70% of its electricity from renewable sources by 2030.
"As part of the state's wide-ranging strategy to transition to a zero-emission power sector, New York is helping to create a self-sustaining private renewable energy market to meet the growing demand for these vital resources," said state governor Andrew M Cuomo.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.