Distributed Energy Resources

New York launches third solicitation for large-scale renewables

The New York State Energy Research and Development Authority (NYSERDA) recently launched its third annual solicitation for large-scale renewable energy projects under the New York Clean Energy Standard.

The solicitation, which was issued April 23, is expected to support approximately 1.5 million megawatt-hours of renewable electricity per year.

NYSERDA noted that in the last two years alone, New York has awarded $2.9 billion in contracts to 46 land-based wind and solar projects, creating $7 billion in direct investment in the clean energy sector. These projects will generate over 7.1 million megawatt-hours each year, with recently awarded bid prices 23 percent lower than those awarded just two years ago.

In March 2018, NYSERDA said it had awarded $1.4 billion for 26 new large-scale renewable energy projects resulting from a request for proposals issued in June 2017. In January 2019, NYSERDA unveiled the details of  $1.5 billion in competitive awards to support 20 large-scale solar, wind energy and storage projects across New York.

Notable provisions in the latest solicitation include continuing to encourage proposals that cost-effectively pair renewable energy with advanced energy storage technologies to help meet New York Gov. Andrew Cuomo's commitments to deploy 1,500 megawatts of energy storage by 2025 and 3,000 megawatts by 2030. 

Initial submissions in response to the solicitation will be due by June 13, 2019 and NYSERDA expects to announce the awards in November 2019.

Additional details on the latest solicitation are available here.