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Energy News > Renewable Energy Development

Renewable Energy Development

New York giving $191 million for renewable energy projects

Posted on Monday, June 06, 2011 at 12:17:37 PM

New York giving $191 million for renewable energy projects

New York will provide $191 million in funding through its Renewable Portfolio Standard program for 17 renewable energy projects in the state that will add 315 megawatts of renewable capacity in the state, reports the Buffalo News.

According to the news source, the projects are designed to help the state achieve its goal of increasing the percentage of its electricity supply that comes from renewable sources to 30 percent by 2015.

While state officials did not disclose exactly how much money each of the projects would receive, the funding is reportedly expected to average approximately $20 for every megawatt-hour of production, the news provider said.

Two of the major projects expected to receive funding include wind farms in Wyoming County's Orangeville and Allegany County's Great Valley. The Stony Creek Wind Farm in Orangeville is ultimately expected to feature up to 59 wind turbines and produce 284,000 megawatt-hours of electricity per year, while the Allegany Wind Farm will reportedly have an annual output of 139,000 megawatt-hours.

The funding for the New York renewable energy projects comes as the state of Virginia is currently considering harnessing offshore wind power even more than it already is, reports the Richmond Times-Dispatch.
 



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