New York provides $360m for green power

New York State is to provide $360 million (£295.5m) for 11 new renewable projects. Governor Andrew M. Cuomo announced the new wave of funding, which will leverage nearly $1 billion (£0.82bn) in private investments […]

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By Jonny Bairstow

New York State is to provide $360 million (£295.5m) for 11 new renewable projects.

Governor Andrew M. Cuomo announced the new wave of funding, which will leverage nearly $1 billion (£0.82bn) in private investments and provide a critical step towards achieving the state’s Clean Energy Standard aim of 50% green power by 2030.

The planned projects include two wind farms, one solar array, seven hydroelectric plants and a fuel cell facility. Together they will generate around 260MW of clean electricity once they go into operation.

This is enough to power more then 110,000 homes and reduce Carbon Dioxide emissions by 420,000 tonnes, the equivalent to taking 88,000 cars off the road.

Audrey Zibelman, New York’s Public Service Commission Chair, said: “As a result of Governor Cuomo’s nationally recognized Clean Energy Standard, New York will continue to attract billions of dollars in private investment for new renewable power supplies, developing new jobs and new choices for consumers.

“The projects announced today will bring significant benefits to consumers, including a cleaner environment and greater amounts of much-needed renewable energy resources.”

A fund worth $5 billion (£3.4bn) aims to boost energy efficiency and renewables in New York.