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Democratic Governor Andrew Cuomo on April 23 announced a solicitation for large-scale renewable energy projects in a series of annual procurements under New York’s Clean Energy Standard, which requires half the state’s electricity to come from renewable energy by 2030.
The competition is expected to spur over $1 billion in private investment and support around 1.5 million megawatt-hours of electricity per year.
In the last two solicitations, New York awarded $2.9 billion in contracts to 46 onshore wind and solar projects, facilitating $7 billion in direct investment. These projects are expected generate over 7.1 million megawatt-hours per year. Recently awarded bid prices were 23% lower than those awarded two years ago.
In the latest selection, the state will provide bonus points for projects that avoid overlap with land of agricultural importance and encourage proposals that cost-effectively pair with advanced battery technologies.
Initial submissions are due by June 13. The New York State Energy Research and Development Authority expects to announce the awards in November.
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In the first seven months of 2019, natural gas feedstock deliveries to LNG export facilities have been the fastest growing among all U.S. natural gas consumption sectors, the EIA says.
NorthStar has executed an agreement with Fincantieri Bay Shipbuilding to build a 5,400 cubic meter (CBM).