New York State launches expedited renewable energy solicitations

The expedited solicitations are part of an effort to ‘backfill’ capacity likely to be lost to inflation-hit projects and are a key plank in the state’s 10-point action plan to bolster its growing renewable industry.

NYSERDA president and chief executive Doreen Harris said, “These expedited solicitations will continue to build on our momentum toward achieving a zero-emissions electric grid. 

“We welcome into this competitive process all developers who are committed and eager to participate in New York’s energy transition, and we look forward to working together to deliver significant economic, public health, and grid reliability benefits to New York State.”

The solicitations, initially announced  by Governor Hochul in November 2023, encourage all project developers – including those that previously petitioned the New York State Public Service Commission for financial relief – and new market entrants to compete in the solicitation process.

As part of the solicitations, NYSERDA has included provisions from the latest rounds of renewable energy procurements such as inflation indexing. 

Final proposals for the offshore wind solicitation need to be submitted by 25 January 2024, with award announcements expected to be made in February 2024.