The New York State Energy Research and Development Authority in conjunction with the Public Service Commission has awarded $204 million of funding to eight large-scale renewable energy projects, including hydro projects, in New York state.
The projects will be funded through the Renewable Portfolio Standard (RPS), which finances the development of renewable energy resources that will help reduce harmful emissions, increase energy security and build a clean energy economy, the awarding agencies announced.
The funding will support upgrades to the Wappingers Falls and Taylorville hydropower projects as well as other hydro developments. It also will support wind power initiatives at the Hardscrabble, Steel Winds II and Marble River wind projects. Other renewable energy projects also are included.
Once operational, the eight projects announced will add more than 318 megawatts of renewable capacity.
Last year, the Public Service Commission, acting on a goal set by Governor David Paterson, expanded the RPS goal to increase the proportion of renewable electricity sold in New York from 25 percent to 30 percent by 2015.
In other news, Ontario's government announced that contract offers have been awarded for more than 180 renewable energy projects, including hydropower projects. Approved under the province's Feed-in Tariff (FIT), the projects are part of the largest green energy investment of its kind in Canadian history.
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