NY Launches Procurement for Existing Wind and Hydro

Published on: 17 August 2022
by KnowESG
Diversity-and-Inclusion-10.15.19

New York Governor Kathy Hochul has announced the third solicitation under the US state’s large-scale renewable energy procurement programme.

Through its third Competitive Tier 2 solicitation, the New York State Energy Research and Development Authority (NYSERDA) is seeking proposals to procure Tier 2-eligible Renewable Energy Certificates (RECs) from existing privately owned hydropower and land-based wind generators in New York that entered commercial operation before 1 January 2015.

NYSERDA's procurement approach provides the opportunity to increase the amount of locally produced renewable energy under contract with New York State, while still allowing Community Choice Aggregations to continue to voluntarily negotiate the best price and terms on energy supply, products, and services for their customers.

Demand for Tier 2 RECs has grown substantially in recent years as CCAs have expanded and businesses seek clean energy choices as part of their environmental, social and governance (ESG) goals, contributing to a thriving market for Tier 2 RECs in New York State.

NYSERDA will evaluate and select the competitive proposals based on the lowest price received.

Proposals are due on 15 September 2022, and NYSERDA expects to announce the awards in October 2022.

"New York's comprehensive approach to greening the state's power grid is helping create a thriving and competitive renewable energy market to meet the growing demand for these important resources," Hochul said.

"By keeping existing hydropower and wind energy facilities in New York, we are protecting the good-paying operations and maintenance jobs that will ensure these resources continue to produce clean electricity for generations to come," she added.

Source: reNews.BIZ

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