New York solar projects get $54 million through Governor Cuomo initiative

12 July 2013

NEW YORK: Solar projects across the US state of New York have scored US$54 million in state funding towards their work, through Governor Cuomo's NY-Sun initiative.

As part of the initiative, New York State Energy Research and Development Authority is offering the funds along with US$120 million in private financing, to support 79 New York-based solar projects. The projects have a combined energy capacity of 64 megawatts.

Solar for New Yorkers

The projects to receive the funds include businesses, factories and colleges, many of which will be ready to generate power by the start of 2014. The awards represent the second of three rounds for proposals that are under review.

Power produced will be for on-site use, rather than direct sale to utilities, although some unused power can be added to the grid in exchange for future utility credit in certain circumstances.

Bright future

Governor Cuomo launched the NY-Sun initiative last year to accelerate solar energy installations in New York State. He said of the new funding: “With these major investments through the NY-Sun initiative, New York State is leading the nation in solar energy generation, addressing climate change and growing our clean energy economy

“Not only will these projects benefit our environment by reducing dependence on fossil fuels and using renewable energy, but they are also creating well-paying jobs for New Yorkers. These are necessary investments for a bright future in our state.”

Amy Davidsen, US Executive Director, The Climate Group, said: “The NY-Sun initiative has resulted in more PV systems in New York State than ever before, and has led to increased demand for solar power among big businesses. The new funding illustrates Governor Cuomo’s strong commitment to accelerating the deployment of clean energy solutions serves as an example for other states to follow.”

US milestone

The funding milestone came just days before the US, in the footsteps of Germany, Italy and China, became the fourth country in the world to reach over 10 gigawatts in solar PV capacity, according to the North America PV Market Quarterly report by NPD Solarbuzz.

Read more about the NY-Sun Initiative

If you would like to learn more about clean energy in New York and beyond, and are interested in attending both public-facing and high-level events in NYC about such topics, don't miss this year's Climate Week NYC. It takes place this year from September 23. Find out more at:

Related news:

Worldwide solar market estimated to surpass US$134 billion by 2020

Maryland providing affordable, reliable energy for local economies with SolarCity partnership

One of the largest solar energy systems in New York State planned for NY College

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