Governor David A. Paterson today announced that the New York State Energy Research and Development Authority (NYSERDA), in conjunction with the Public Service Commission (PSC), will provide nearly $300 million for renewable energy projects under the Renewable Portfolio Standard Program (RPS), which will help accelerate the development of New York’s clean energy economy. With these awards, New York continues to invest in clean energy to achieve Governor Paterson’s goal of meeting 45 percent of the State’s energy needs through energy efficiency and renewable energy by 2015.

“Investments in clean, renewable energy will form the foundation for New York’s clean energy economy by creating jobs and helping control energy costs for New Yorkers,” Governor Paterson said. “As I laid out in my State of the State address, we will transform New York's economy by investing in the technology of the 21st century. Improving our economy and our environment through strategic investments in clean energy industries which will sustain New York in the future.”

Included in these renewable energy developments are $96 million awarded today from the most recent competitive solicitation to five large-scale electric generating projects. These funds will support wind power initiatives at the Hardscrabble wind project in Herkimer County, and the Beekmantown wind project in Clinton County. Funds have also been allocated for hydroelectric upgrades to the School Street and Stewarts Bridge power projects in Albany and Saratoga Counties, and new initiatives at the Onondaga Renewables biomass plant in Onondaga County.

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