The region stands to benefit from storing renewable power, and $55 million of new incentives could get the market going. It can be hard to keep up with the steady drumbeat of energy storage policy updates emanating from the Northeast, and New York in particular, but last week’s announcement of $55 million allocated for Long […]
State, PSEG and LIPA offer new incentives for installing home battery systems
New York State, PSEG and LIPA are offering new incentives for Long Island homes and businesses to install energy-storage batteries as part of a $15 million plan to expand the nascent sector. The systems can provide a home or business with enough juice to operate critical functions during an outage, particularly when coupled with a […]
BlackRock Real Assets Sells Stake in CWS Wind Project to Greenbacker
NEW YORK : BlackRock Real Assets (“BlackRock”) has reached an agreement with Greenbacker Renewable Energy Corporation (“Greenbacker”) for the sale of its controlling interest in Community Wind South (“CWS”), a 30.75 MW community-based operating wind project in Minnesota. The transaction marks another realization for BlackRock’s Renewable Power platform and gives Greenbacker a high-quality, long-term contracted […]
New York Offers $55M for Long Island Energy Storage Projects
New York state is offering up to $55 million in incentives for commercial and residential energy storage projects on Long Island. The funding, announced Wednesday, is intended to reduce the costs of storage systems for renewable energy. Gov. Andrew Cuomo says the idea is to use the state’s resources to make it easier to expand […]
Governor gives behind-the-meter storage a US$55m boost on New York’s Long Island
Funding is to be administered from NYSERDA’s commercial and residential programmes respectively, with the initiative also supporting – and supported by – utility PSEG-LI. Customers in Long Island, New York, that install commercial energy storage systems of up to 5MW and residential solar-plus-storage will be eligible for incentive payments of US$250 per kWh of storage […]
New York City officials declare a climate emergency
This comes just a week after the city passed a bill to eliminate net greenhouse emissions by 2050 New York has now become the largest city in the United States to declare a climate emergency after a vote by the New York City Council on 26 June. “An immediate emergency mobilization to restore a safe […]
Quinbrook Signs Landmark Solar + Battery Storage Deal in the US
The 690MW Gemini Solar + Battery Project offers 25 years of low-cost, renewable power for Nevada NEW YORK : Quinbrook Infrastructure Partners (“Quinbrook”), a specialist global investment manager that is focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the US, the UK and Australia, today announced the signing […]
Renewable energy sector hails New York state’s new climate plan
NEW YORK: Investors, developers and users of renewable energy at an industry conference in New York this week were buzzing about the state’s ambitious plan here to reduce greenhouse gas emissions to zero by 2050. “New York is leading a path forward with public policy that signals to the capital markets and developers to deploy […]
New York Senate passes the biggest renewable energy mandate in the US
The 70%-by-2030 renewable energy provision in legislation S6599 is second only to Washington DC’s 100% by 2032 aim, and includes targets of 6 GW of distributed solar by 2025 and 3 GW of energy storage by 2030. It is expected to pass the assembly today. The 100% renewable energy movement has focused on getting state […]
New York nears passage of aggressive law to fight climate change
NEW YORK : New York state lawmakers could pass as early as Wednesday one of the nation’s most ambitious plans to slow climate change by reducing greenhouse gas emissions to zero by 2050. That would make it the second U.S. state to aim for a carbon-neutral economy, following an executive order signed by former California […]