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Released August 07, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--According to a new report from New York State Comptroller Thomas DiNapoli, New York will need to boost its renewable energy capacity by 20 gigawatts (GW) by the end of the decade to meet its clean energy goals. The goals include renewables accounting for 70% of the state's energy mix by 2030, although there have been past challenges with developing renewable generation.
New York's clean energy goals were adopted as part of the Climate Leadership and Community Protection Act (CLCPA), enacted in 2019. In addition to the 70% renewables goal, the CLCPA calls for installing 6 GW of distributed solar capacity by 2030; 3 GW of energy storage by 2030; and 9 GW of offshore wind capacity by 2035, among other goals.
Distributed generation is electricity produced at or near the point where it is used, according to the Solar Energy Industries Association (SEIA), and can be located on rooftops or utilize ground-mounted systems. The New York State Energy Research and Development Authority (NYSERDA) considers distributed solar to include community, residential, "small commercial," and industrial projects.
According to the report, titled Renewable Electricity in New York State, Review and Prospects, "an analysis by the [New York Independent System Operator] NYISO found that to meet the CLCPA 2030 renewable electricity goal, the state will have to more than triple the installed 2022 renewable capacity of roughly 6.5 gigawatts by adding an additional 20 gigawatts over an eight-year period."
For reference, an August 2022 report from the NYISO said New York had added 12.9 GW of total generation, including both fossil fuel and renewable sources, since 1999.
The report noted three key challenges that hindered past development of renewable generation: inconsistent provision of incentives, including project funding; project cancellations; and lengthy project timelines due to delays in siting as well as a lack of interconnection between renewable facilities and the electric grid.
Between 2005 and April 2023, the report said, 28 projects totaling 1.3 GW were canceled; cancellations in 2017, 2018 and 2020 accounted for 20.4% of contracted capacity during that time. Meanwhile, since 2015, only about 3.1% of renewable generation capacity under contract awards have become operational.
Still, the report noted about 29% of New York's electricity generation came from renewable sources as of 2022, including roughly 75% from hydropower and 25% "primarily split" between wind and solar.
Industrial Info is tracking $26 billion worth of renewable-generation projects in New York, including $6 billion worth that fall within Industrial Info's assessment of having a high or medium probability (70% or more) of moving forward as planned.
Among those projects under construction are $134 million in upgrades to the Robert Moses Niagara Hydroelectric Power Station, expected to wrap up by the end of 2029. Among the improvements to the 2,525-MW plant will be added protection against cyberattacks and replacing mechanical components at the end of their operating life. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to read a detailed project report.
New York's windfarms under construction are relatively small. RWE AG (Essen, Germany) is developing a 75.6-MW, $184 million addition at its Baron Windfarm in Hornell, which is the second phase of the planned 242-MW windfarm. The New York State Board on Electric Generation Siting and the Environment (Siting Board) in April held in-person information sessions and public statement hearings on the second phase, and comments were due in late June, although there is no specified timetable for a decision. Subscribers can read reports on the operational Phase I, and Phase II.
In terms of solar power, all the projects under construction have a capacity below 100 MW. The largest of these is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) 80-MW Trelina solar energy center in Waterloo, which will use photovoltaic (PV) solar panels manufactured by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). Engineering, procurement and construction contractor Kiewit Corporation (Lenexa, Kansas) is expected to wrap up construction in August. Click here for more details.
In terms of projects under development, Canadian renewable energy company Boralex (Kingsey Falls, Quebec) is looking at its $350 million Fort Covington solar-plus-storage project in Franklin County, which is planned to kick off in 2025, with completion a year later. The project entails constructing a solar facility with a capacity of 250 MW, and a 77-MW battery energy storage system (BESS). Subscribers can click here for a project report.
State Comptroller Thomas DiNapoli said that for the state to reach its CLCPA goals, "new electric transmission and distribution capacity will be needed to connect the new renewable electric generation required to meet the CLCPA goals to the grid. Transmission capacity connecting upstate regions to New York City is limited and renewable facilities in some upstate regions are already being forced to curtail generation due to transmission constraints."
For more information on New York's development of renewable energy, see Industrial Info's May 31, 2023, article - The Cost of Greening Electricity: A New York Case Study, and June 19, 2023, article - New York Utility Plans Big Boost in Capital Spending to Help Realize State's Green Energy Goals.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
New York's clean energy goals were adopted as part of the Climate Leadership and Community Protection Act (CLCPA), enacted in 2019. In addition to the 70% renewables goal, the CLCPA calls for installing 6 GW of distributed solar capacity by 2030; 3 GW of energy storage by 2030; and 9 GW of offshore wind capacity by 2035, among other goals.
Distributed generation is electricity produced at or near the point where it is used, according to the Solar Energy Industries Association (SEIA), and can be located on rooftops or utilize ground-mounted systems. The New York State Energy Research and Development Authority (NYSERDA) considers distributed solar to include community, residential, "small commercial," and industrial projects.
According to the report, titled Renewable Electricity in New York State, Review and Prospects, "an analysis by the [New York Independent System Operator] NYISO found that to meet the CLCPA 2030 renewable electricity goal, the state will have to more than triple the installed 2022 renewable capacity of roughly 6.5 gigawatts by adding an additional 20 gigawatts over an eight-year period."
For reference, an August 2022 report from the NYISO said New York had added 12.9 GW of total generation, including both fossil fuel and renewable sources, since 1999.
The report noted three key challenges that hindered past development of renewable generation: inconsistent provision of incentives, including project funding; project cancellations; and lengthy project timelines due to delays in siting as well as a lack of interconnection between renewable facilities and the electric grid.
Between 2005 and April 2023, the report said, 28 projects totaling 1.3 GW were canceled; cancellations in 2017, 2018 and 2020 accounted for 20.4% of contracted capacity during that time. Meanwhile, since 2015, only about 3.1% of renewable generation capacity under contract awards have become operational.
Still, the report noted about 29% of New York's electricity generation came from renewable sources as of 2022, including roughly 75% from hydropower and 25% "primarily split" between wind and solar.
Industrial Info is tracking $26 billion worth of renewable-generation projects in New York, including $6 billion worth that fall within Industrial Info's assessment of having a high or medium probability (70% or more) of moving forward as planned.
Among those projects under construction are $134 million in upgrades to the Robert Moses Niagara Hydroelectric Power Station, expected to wrap up by the end of 2029. Among the improvements to the 2,525-MW plant will be added protection against cyberattacks and replacing mechanical components at the end of their operating life. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here to read a detailed project report.
New York's windfarms under construction are relatively small. RWE AG (Essen, Germany) is developing a 75.6-MW, $184 million addition at its Baron Windfarm in Hornell, which is the second phase of the planned 242-MW windfarm. The New York State Board on Electric Generation Siting and the Environment (Siting Board) in April held in-person information sessions and public statement hearings on the second phase, and comments were due in late June, although there is no specified timetable for a decision. Subscribers can read reports on the operational Phase I, and Phase II.
In terms of solar power, all the projects under construction have a capacity below 100 MW. The largest of these is NextEra Energy Incorporated's (NYSE:NEE) (Juno Beach, Florida) 80-MW Trelina solar energy center in Waterloo, which will use photovoltaic (PV) solar panels manufactured by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona). Engineering, procurement and construction contractor Kiewit Corporation (Lenexa, Kansas) is expected to wrap up construction in August. Click here for more details.
In terms of projects under development, Canadian renewable energy company Boralex (Kingsey Falls, Quebec) is looking at its $350 million Fort Covington solar-plus-storage project in Franklin County, which is planned to kick off in 2025, with completion a year later. The project entails constructing a solar facility with a capacity of 250 MW, and a 77-MW battery energy storage system (BESS). Subscribers can click here for a project report.
State Comptroller Thomas DiNapoli said that for the state to reach its CLCPA goals, "new electric transmission and distribution capacity will be needed to connect the new renewable electric generation required to meet the CLCPA goals to the grid. Transmission capacity connecting upstate regions to New York City is limited and renewable facilities in some upstate regions are already being forced to curtail generation due to transmission constraints."
For more information on New York's development of renewable energy, see Industrial Info's May 31, 2023, article - The Cost of Greening Electricity: A New York Case Study, and June 19, 2023, article - New York Utility Plans Big Boost in Capital Spending to Help Realize State's Green Energy Goals.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
