The Empire State Seeds Funding for More Than 214 MW of Solar Power.
142 Solar Projects at Businesses and Schools Will Increase New York’s Solar Capacity by more than 68 percent.
According to a press release from the Governor Cuomo's office, "New York State's NY-Sun program has announced awards for large solar electric projects that will increase the solar capacity in New York State by more than 214 megawatts, a 68 percent increase over the amount of solar installed and in the pipeline at the end of 2013. The competitive awards further advance the scale-up of solar and move the State closer to a sustainable, self-sufficient solar industry.
"The new capacity was obtained through the New York State Energy Research and Development Authority’s Competitive PV program, which has been working to stimulate the market for systems larger than 200 kilowatts for four years. A total of $94 million in renewable funding for these projects leverages private investment of $375 million in new PV power infrastructure projects.
"A total of 50 project sites are located at businesses; 41 at schools and school districts; 36 at municipal and other government facilities; and 15 at nonprofits, health care institutions and colleges.
"The responses to this solicitation demonstrate that New York State has become an increasingly attractive solar market. A total of 49 developers submitted proposals, a marked increase over the previous two solicitations. The latest bids included large solar developers that have previously focused on other states, regions and countries, and that submitted bids to New York State for the first time.
"In addition, proposed average project sizes continued to increase steeply, more than doubling from 750 kilowatts a year ago to more than 1.8 megawatts with the latest solicitation. Aggregate bid prices for awarded projects declined sharply from about a year ago - from $1 per watt to 55 cents per watt in Con Edison territory and from 68 cents per watt to 41 cents per watt in the rest of the state. This will result in 1.6 times more solar energy generated per ratepayer dollar than about a year ago.
"Strong response from developers has continued with projects in strategic locations where the installation of new solar systems is expected to provide benefits to the electric distribution system. Five awarded projects went beyond solar, integrating energy efficiency and energy storage into their bids, an option available for the first time.
"Many of the sites receiving awards will use remote net metering, which allows eligible renewable energy system owners that produce more energy than they consume at one location annually to accrue credits that can be used to offset other electric accounts under their name.
"The New York Power Authority continues to work closely with the New York State Energy Research and Development Authority to bring about further integration of solar power through initiatives to reduce solar costs. This includes a newly introduced K-Solar Program, in partnership with the New York State Education Department.
"Under the NY-Sun Competitive PV Program, installers submit proposals for funding based on commitments from companies interested in having PV installed at their sites and the proposed incentive for each PV project." (9/26/14)
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