New York reached 2 GW of installed PV capacity
Post date: 19/12/2019 - 09:33
The New York Energy Research and Development Authority (NYSERDA) announced that 2 GW of solar capacity has been installed across the state. According to the agency, this underscors New York’s position as one of the fastest growing distributed solar markets in the nation with a nearly 1,800 percent growth, leveraging $4 billion in private investment, fueling nearly 12,000 jobs since 2011 and decreasing the cost of solar by nearly 60 percent.
The announcement was made by NYSERDA President and Chief Executive Officer Alicia Barton in Saratoga County at a festive ribbon-cutting ceremony for one of the largest completed community solar projects in upstate New York. Located on Pruyn Hill Road in Mechanicville, the 6.12 MW community solar project developed by ForeFront Power, LLC is fully subscribed and will provide clean electricity to more than 1,000 customers. The project known as ForeFront Power’s Mechanicville Community Solar Project will produce more than seven million kilowatt-hours of solar energy annually The project received $2.3 million from NYSERDA through NY-Sun.
The state targets to achieve 6 GW of solar by 2025 and supports Governor Andrew M. Cuomo’s nation-leading Green New Deal, which calls for 70 percent of the state’s electricity to come from renewable sources by 2030. Since 2011, Governor Cuomo’s NY-Sun initiative has achieved beneath others to drive down the average cost of solar from $6.35 in 2011 to $2.56 per watt in 2019, representing a nearly 60 percent cost decline in less than 10 years.
NYSERDA, a public benefit corporation, offers objective information and analysis, innovative programs, technical expertise, and funding to help New Yorkers increase energy efficiency, use renewable energy, and reduce reliance on fossil fuels.