28 Sep '11, 3pm

NY, Mass. Offer Funding for Renewable Energy

NY Offers $150M The New York Energy and Research Development Authority (NYSERDA) is offering another round of funds for renewable energy projects, this time $150 million. The solicitation applies to projects in wind, solar, hydroelectric, biomass and other clean energy resources that generate power. As Central Administrator of the state's Renewable Portfolio Standard (RPS) since 2004, NYSERDA has already awarded funding to 51 large-scale renewable energy projects that are expected to produce 5.3 million MW of electricity per year, enough to power more than 760,000 homes. These projects include 3 biomass facilities, 8 landfill biogas operations, 23 hydroelectric upgrades, and 17 wind farms. In large part because of NYSERDA funding, wind capacity in New York has grown 28 times since the start of the RPS program. Thanks to its RPS program, which started in April 2010, NY is r...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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