New York Invests Billions in Renewables

Feb. 2, 2016

Clean Energy Fund projects to cut energy costs, GHG emissions.

New York has made a big commitment to renewable energy with Governor Andrew Cuomo announcing the creation of a Clean Energy Fund worth $5 billion. The green energy projects supported by the fund are projected to spur over $29 billion in private sector investment as well as provide $39 billion in electricity bill savings over the 10-year life of the initiative.

The fund will be managed by NYSERDA and is expected to immediately lower utility costs for customers. Rates are expected to drop a total of $1.5 billion over the next decade, as well as saving 10.6 MWh of electricity and 133 million tons of carbon emissions. Additionally, the program will support Governor Cuomo’s Clean Energy Standard goals of 50% renewable energy generation by 2030 by operating four portfolios dedicated to increasing solar, wind, and other clean technologies in the state.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Building Better Schools

Download this digital resource to better understand the challenges and opportunities in designing and operating educational facilities for safety, sustainability, and performance...

Tips to Keep Facility Management on Track

How do you plan to fill the knowledge gap as seasoned facility managers retire or leave for new opportunities? Learn about the latest strategies including FM tech innovations ...

The Beauty & Benefits of Biophilic Design in the Built Environment

Biophilic design is a hot trend in design, but what is it and how can building professionals incorporate these strategies for the benefits of occupants? This eHandbook offers ...

The Benefits of Migrating from Analog to DMR Two-Way Radios

Are you still using analog two-way radios? Download this white paper and discover the simple and cost-effective migration path to digital DMR radios that deliver improved audio...