The community solar program powers entire communities with renewable power and passes along guaranteed bill savings. But there’s a novel twist to it.
The approvals follow Gov. Cuomo’s State of the State address and will help New York meet its 70% by 2030 renewable portfolio standard and climate goals.
The utility said the small storage project goes unused for most of the year and could offer big learning opportunities.
The debt will be used to finance commercial and industrial projects and distributed generation assets, and will accommodate multiple tax equity partnerships and structures.
The newly combined independent power producer brings to the table a 4.2 GW generation portfolio, including 543 MW of solar.
In his 2021 State of the State address, Andrew Cuomo said, “Green energy is a pressing moral imperative and a prime economic opportunity.”
The $2.2 million in funding comes through NYSERDA’s Smart Grid Innovation program, and is part of New York State’s strategy of a zero emission electricity sector by 2040.
The 12.3 MW solar installation will create a carport canopy, providing cover to around 3,000 parking spaces. Excess power will flow to the grid and storage will support AirLink JFK rail shuttle service.
Under a seven-year contract with Con Edison, the utility will bid power from the battery system into New York State’s wholesale energy market.
The New York Power Authority’s board of trustees approved a 10-year strategic plan for decarbonizing New York’s energy infrastructure. Large-scale solar and storage both figure prominently.
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