17 Jan New York to get $360 million renewable energy injection
Andrew Cuomo, governor of New York has continued his commitment to developing renewable energy programmes in the state by announcing funding for 11 projects, worth over US$360 million.
A 50MW solar farm will be constructed in Coxsackie, while further projects include two wind farms, seven hydro projects and one fuel-cell operation.
Upon completion, the combined clean energy generated from the projects could power more than 110,000 homes and should bring nearly $1 billion in private investment.
Governor Cuomo formulated the Reforming the Energy Vision (REV) strategy last year, with the ultimate aim of achieving 50% renewable energy by 2030.
Since then, Cuomo has provided $10 million for clean energy incubator businesses and commissioned a report on solar energy, proposing solar roofs for low-income bracket citizens.
Commenting on the state’s latest investment in renewable energy, John Rhodes, president and CEO of New York State Energy Research and Development Authority (NYSERDA) said: “These projects will provide renewables, aggressively reduce emissions and make energy more affordable for New Yorkers.”