A roadmap to ‘REV’ and its plan for restructuring.
SunEdison signed agreements with five municipal entities on Long Island to build seven solar power plants totaling 14 MW. The electricity from these power plants will be sold to the Long Island Power Authority (LIPA) through separate 20-year power PPAs. The contracts with the Town of Southold, Town of Easthampton, Nassau County, Suffolk County and the Suffolk County Water Authority were awarded as part of the LIPA 100 MW Clean Solar Initiative Feed-in Tariff program.
PSEG Long Island embarked on a federally funded, three-year reliability and resiliency project to further strengthen the electric grid across Long Island and in the Rockaways. More than $729 million of federal recovery funds were secured for the Long Island Power Authority via an agreement last year between Governor Andrew M. Cuomo and the Federal Emergency Management Agency (FEMA), under the FEMA 406 Mitigation Program.
Distributed energy has a long history in the state – with co-generation, or combined heat and power, playing the dominant role. How is that portfolio changing today?
As part of the statewide NY-Sun Initiative, a $60 million investment to support the Long Island solar industry's transition to PSEG Long Island has been announced. PSEG Long Island will partner with NYSERDA to locally implement the statewide NY-Sun program. NY-Sun Initiative is a collaborative effort among public-private entities who are all working toward advancing the use of solar power in New York State. NYSERDA will more than double the proposed NY-Sun Initiative allocation for the Long Island region from $28 million to $60 million.
The trouble with treating grid projects as market players in New York’s capacity auction.
The rationale for microgrids.
Despite an array of challenges, microgrids are becoming a force in the market. Innovative projects bring greater efficiency and resilience.