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Funds available for hydro, other renewable energy projects in New York

The New York State Energy Research and Development Authority and the Public Service Commission announced that about $250 million is available to fund a broad range of renewable energy generation projects, including hydropower projects.

Supported by the state's Renewable Portfolio Standard (RPS), the funds will be awarded competitively through a solicitation released for electric generation projects using wind, hydroelectric, biomass or other clean-energy resources. Awards under this solicitation are expected to be announced in April.

Under the RPS program, NYSERDA has awarded funding on a competitive basis to 39 large-scale renewable electricity generators that are expected to produce enough electricity to provide 4.3 million megawatt-hours of renewable energy per year. These include three biomass facilities, one landfill biogas operation, 21 hydroelectric upgrades and 14 wind farms.

Coupled with the release of this latest competitive solicitation, NYSERDA has also posted on its Web site a schedule of future solicitations, which are expected to take place at least annually over the next several years.

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