New York Contracts 719 MW Renewables and 950 MW Battery Storage as Tax Credit Deadline Looms
Updated
Updated · POLITICO · Sep 23
New York Contracts 719 MW Renewables and 950 MW Battery Storage as Tax Credit Deadline Looms
3 articles · Updated · POLITICO · Sep 23
Summary
New York awarded its first large-scale battery contracts under a new program, securing 950 megawatts from eight storage projects alongside 719 megawatts from 13 solar, wind and hydro projects.
NYSERDA announced the deals at a Climate Week event, saying the investments would bring only low single-digit cost increases while delivering benefits that outweigh those costs.
The awards target projects close to construction as developers race federal tax-credit deadlines: projects that did not start by July 4, or start later and miss year-end completion, lose key incentives.
The move keeps New York advancing renewables, storage and other clean-energy priorities even after Hochul earlier this year pushed to slow the pace of the state's climate-law transition because of rising costs and federal headwinds.