New York plans massive renewable energy and transmission line project to decarbonize its grid
The New York State Energy Research and Development Authority (NYSERDA) completed contracts to build its Clean Path NY (CPNY) and Champlain Hudson Power Express (CHPE) projects, which will significantly change the state’s energy mix.
If approved, the CPNY and CHPE projects will complement New York’s existing pipeline of large-scale renewable energy projects, comprising nearly 100 solar and both onshore and offshore wind projects totaling 11,000 MW of clean power – enough to power more than Power 5 million New York homes when completed. This pipeline of renewable projects, once operational, will generate more than 60% of New York’s electricity.
The state’s first renewable energy and transmission projects are expected to dramatically reduce greenhouse gas emissions and improve air quality and generate $8.2 billion in economic development statewide, including investment in underserved communities. As the largest transmission projects for New York State in the past 50 years, these projects will reduce the use of fossil fuels for electricity in the city by more than 80% by 2030, combined with the deployment of clean energy and offshore wind through the stands.
This development puts New York on track towards its goal of producing 70% of the state’s electricity from renewable sources by 2030, as outlined in the Climate Leadership and Community Protection Act.
“There is never more at stake for New York than we are faced with the effects of climate change and the economic and environmental destruction that extreme weather conditions leave behind,” said Governor Kathy Hochul. “Not only does this announcement accelerate our pace to meet the goal that 70% of New York State’s energy should come from renewable sources, we are also creating sustainable jobs, reducing our dependence on fossil fuels and paving the way for cleaner air. and a healthier future for all New Yorkers.”
NYSERDA will also offer renewable energy subscriptions, giving organizations in New York City the opportunity to transition to clean energy.
In January, NYSERDA made a renewable energy petition, seeking projects that could cost-effectively and responsibly provide renewable energy to New York City, a part of the state that relies on aging fossil fuel generation. If approved by the Public Service Commission, the selected projects are expected to provide 18 million MWh of clean energy per year, or more than a third of New York City’s annual electricity consumption from a portfolio of backed up onshore wind, solar and hydro. up-energy storage from New York and Quebec.
“If the nation’s largest city can rely on clean energy for power, any place can,” said Mayor Bill de Blasio. “New York is proving that it is possible to fight global warming and fight for climate justice by investing in water, wind and solar energy. In this way we reduce fossil fuels, create thousands of union jobs and build a sustainable future for all New Yorkers. It is a historic day for our city and state.”
Contracts have been submitted to the PSC for approval and are subject to a public comment period running until February 7, 2022. The petition and contracts are available on the Department of Public Service’s website under case number 15-E-0302, where comments can be submitted.
The projects will create approximately 10,000 full-time jobs statewide with guaranteed prevailing wages and project employment contracts. Two community projects will collectively invest $460 million in benefit funds to create pathways to green energy jobs, support public health, promote capital improvement projects and restore habitat and improve the carbon footprint of buildings in underserved communities.
The program will procure renewable energy and create new energy transmission in the state. It is set up with an index REC structure to help customers absorb spikes in energy prices. This means laying new underground transmission lines with a focus on minimizing environmental damage.
“These massive green energy infrastructure projects, which will generate enough clean electricity to power millions of homes, will deliver massive economic benefits and thousands of new jobs statewide, while reducing pollution and improving air quality in our most historically vulnerable. communities,” said Doreen M. Harris, NYSERDA president and CEO.
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