New York issues solicitations for 4GW of renewable power
The US State of New York has
announced two large solicitations for 4,000 MW of renewable power
capacity, including 2,500 MW of offshore wind projects and 1,500 MW of
onshore renewable projects for the New York State Energy Research and
Development Authority (NYSERDA) and the New York Power Authority (NYPA).
More specifically, the land-based renewable solicitation issued by the NYSERDA
aims at securing at least 1.6 TWh/year of renewable electricity from Tier-1
eligible projects (commissioned between 1 January 2015 and 30 November 2022).
The NYPA solicitation aims to secure at least 2 TWh/year of renewable
electricity from projects between 20 and 25 MW or above 100 MW. Winning
bidders will be announced by the end of 2020 and the selected projects are due
to be commissioned between 2021 and 2024. They are expected to attract around
US$7bn in investments.
In January 2019, the governor of New
York announced a new offshore wind capacity target of 9 GW for 2035, which
is a nearly fourfold increase compared with the previous target of 2.4 GW
by 2030. The additions in offshore wind capacity are essential in order to
achieve its renewable electricity target of 70% by 2030, up from the previous
target of 50%. The state committed to 6 GW of solar capacity (up from 3
GW) and to double its onshore wind capacity by 2025. In December 2019, the
state had also committed itself to move to 100% carbon-free electricity by
2040, shortly after the notice of a new policy setting an electricity storage
objective of 3 GW by 2030 with an interim goal of 1.5 GW by 2025.
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