The bill would authorize the New York Power Authority to build, own, and operate renewable energy projects to provide renewable energy to all state-owned properties by 2030 and municipal-owned properties by 2035, while also calling on the authority to phase out its fossil fuel power plants by 2030 and provide and deliver only renewable energy to customers.
The projects, split across two portfolios, were acquired from BNRG Maine and bring the company’s capacity of acquired and developed community solar projects within the state to more than 92 MW.
The letter urges President Biden to protect US manufacturing from unfair foreign influence, insinuates a concerted political and lobbyist effort to undermine the investigation, draws on fears over national cybersecurity, and claims current module import shortfalls are an attempt to apply political pressure via a stagnating market.
After intervention by some of the state’s largest rooftop solar installers, the new compromise includes a delay of time-of-use rates for net metering customers until at least 2026 and a ‘Proposed Bridge Rate’ for new net metering customers.
The portfolio, awarded by Xcel Energy, is anticipated to provide access to affordable, clean energy to thousands of households throughout the state.
The 10 MW/40 MWh of energy storage paired with 15 MW of solar will provide electricity to customers connected to the Pine Grove substation in Cicero, NY during periods of peak demand, cutting down on National Grid’s reliance on gas-fired peaker plants.
President Biden’s nomination of the chairman, popular among renewable energy advocates, comes as the commission looks to finalize major reforms to its electric regional transmission planning and cost allocation requirements.
Following a $16.5 million investment, the company is looking to grow its team and product quickly, in what CEO and Founder, Richard Keiser, sees as an inevitably consolidating market.
Both housing developers and underserved communities alike can benefit from increasing public funding opportunities for solar. As interest in projects that address environmental, social and governance (ESG) aspects of investment continues to grow, integrating renewable energy in affordable housing projects can provide significant sustainability benefits to developers, municipalities, and end users.
The program will allow customers to subscribe to an energy share of an existing GMP installation, with time-of-use rates encouraging energy use when the sun is shining.
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