The state of New York has proclaimed it will invest another $250 million worth of revenue in alternative energy projects. The projects in question will be announced in early summer of 2013 and will begin generating power by May 1, 2014.
These actions are in response to an ongoing process which has been ordered by the New York Public Service Commission and is managed by the State Energy Research and Development Authority. New York is presently acquiring energy from two different biomass plants, 10 landfill biogas plants, 25 hydroelectric facilities and 17 wind farms.
The funds for these energy projects are directed by the New York State Energy Research and Development Authority (NYSERDA) via the state’s Renewable Portfolio Standard (RPS). Frank Murray, the president and CEO of the NYSERDA, avows his organization is assisting the NRG power plant in Dunkirk transfigure coal to natural gas.
“The RPS program has allowed New York State to expand its clean-energy economy by attracting private investment in these medium and large renewable energy projects, which are creating jobs and providing environmental benefits for local communities,” claims Murray.
Murray also affirms power plants producing inexpensive energy reflects in the consumers utility bills each month and aids in lowering the nation’s dependence on imported crude oil. Murray goes on to state he isn't sure if wind farms are feasible at this time due to concerns over tax law and tax subsidy changes in Washington.
Recipients of the RPS funding is said to be announced by the summer of 2013.