The contract award from NYSERDA’s fifth bid will be funded through the New York Renewable Portfolio Standard (RPS), which supports and finances the development of renewable energy resources that help reduce harmful emissions, increase energy security, and build a clean energy economy.
Last year, the New York Public Service Commission expanded the goal of Renewable Portfolio Standard to increase the amount of renewable energy used by New York consumers from 25% by the year 2013 to 30% by 2015.
To meet this goal, NYSERDA conducts solicitations to award contracts for projects that deliver renewable energy to the New York wholesale power market.
Horizon Wind Energy, which has over 950MW in development in New York State and owns and operates the 322MW Maple Ridge Wind Farm in Lewis County through a 50/50 joint venture, supplies electricity to the New York state energy grid.
The Renewable Energy Credits (RECs) from Maple Ridge have been contracted to NYSERDA and to the New York Power Authority (NYPA) and various third parties since January 2006.
Gabriel Alonso, CEO of Horizon Wind Energy, said: “Horizon Wind Energy is pleased to be able to continue its relationship with NYSERDA with this contract award and we look forward to the opportunity to continue to provide clean renewable energy to the State of New York and its consumers.”
