New York plans to make up to $1.5 billion available for green energy, opening up another funding source for renewable energy microgrids in the state.
Workers install solar panels near Poughkeepsie, NY Announced late last week by Gov. Andrew Cuomo, the pot of money will create the largest renewable energy procurement to date by the state.
To show the scale of the endeavor, the Alliance for Clean Energy New York (ACE NY) estimated that the funding may result in 600 and 1,600 MW of new solar, wind, fuel cells, hydro and other clean energy resources. By comparison, the state’s previous renewable energy solicitation produced only 260 MW.