New York state approves $4.4- B transmission projects
USA, New York: The New York State Public Service Commission has authorised the development of 62 local transmission upgrades to integrate more renewable energy.
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USA, New York: The New York State Public Service Commission has authorised the development of 62 local transmission upgrades to reduce congestion and integrate more renewable energy.
In total, the 62 projects will create 3.5 GW of capacity for clean energy, including wind power, and are slated for completion between 2024 and 2030.
The projects – to be carried out by Central Hudson Gas & Electric, NYSEG, National Grid and RG&E – include upgrades to existing transmission lines and substations and the construction of three new substations.
The $4.4 B estimated cost of the transmission upgrades will leverage at least $1 B in direct benefits to New York companies and localities, and avoid billions in excess payments to renewable power producers, according to the Public Service Commission (PSC).
New York State targets 9 GW of offshore wind by 2035 on the path to achieving a zero-emission electricity sector by 2040. It aims for 70 % renewable energy generation by 2030, and economy-wide carbon neutrality by 2050.
Source: Wind Power Monthly
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