New York plans to incentivise commercial and industrial (C&I) solar-plus-storage projects, kicking off by making US$40 million funding available to support 50MW of storage paired with solar from early November.
Standard Solar is developing a 38MW community solar pipeline in New York through the acquisition of six projects from US Light Energy, formerly known as Solitude Solar.
Developer and investor Distributed Sun (DSUN) and wind turbine firm Emergya Wind Technologies (EWT) have sold off 75MW of community solar projects they were co-developing in New York.
Billed as the ‘Largest Single Commitment to Renewable Energy by a State in U.S. History’ the State of New York announced a US$1.4 billion investment package and over US$3 Billion in direct investment in solar, wind and hydro energy projects, expected to generate around 3,000 jobs.
The US’ two leading states in solar and energy storage, New York and California, have taken steps towards valuing the locational and time-of-use value of distributed energy resources and other states should follow, the Solar Energy Industries Association (SEIA) has said.
Cypress Creek EPC, the construction arm of American solar developer Cypress Creek Renewables, has reached a major construction milestone of 1GW of solar developed over the last 18 months.
“A comprehensive agenda to combat climate change” unveiled on Tuesday by New York governor Andrew Cuomo, includes the setting of a state-wide energy storage deployment target of 1,500MW by 2025.
New York has become the latest US state to decide to support energy storage through its legislature and will be setting targets for deployment of the technologies in the coming weeks.
Investment company Hannon Armstrong has issued US$163.75 million in green bonds to support an extensive portfolio of PV projects located across the US.
