New York mandates 70% renewable energy by 2030

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With today’s news that New York’s Public Service Commission (PSC) is formally adopting the 70% by 2030 renewable energy mandate as part of the Clean Energy Standard (CES), Anne Reynolds, executive director of the Alliance for Clean Energy New York (ACE NY) issued the following statement:“Today New York adopted the 70% renewable energy requirement, a major milestone in our state’s clean energy transition. The renewable energy industry applauds this progress. For developers of wind, solar, hydro and renewable fuel cell projects, the most critical element is a clear and certain market demand and today’s order includes a directive for NYSERDA to enter into contracts for 4,500 MWh/year for Upstate renewables each year and 700-1000 megawatts of offshore wind per year. This creates a strong market in New York and should attract the private investment we will need to get projects under development. For this reason, it is great news for the clean energy industry and for New York.
“Today’s Order also includes the establishment of a competitive Tier 2, which has been sorely needed in New York to retain our baseline of existing renewable facilities. Tier 2 covers projects that were in operation before 2015. This is also good news.
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