NYSERDA’s third annual request for proposals under the Clean Energy Standard, RESRFP 19-1, was issued on April 23, 2019, and resulted in 21 agreements for 17 solar projects, including two with energy storage, three wind repowering projects, and one new wind project, which are expected to contribute 1,278 MW of new, renewable energy capacity throughout New York State once operational. The agreements will also support the development of 40 MW of utility-scale energy storage.
The total funding committed through RESRFP19-1 is approximately $1.0 billion, and the weighted average price for these agreements is $18.59 for each Tier 1 REC. The projects are expected to spur over $2.5 billion of direct investment over the life of the projects.
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