(3BL Media/Justmeans) — The 12th annual Energy in the 21st Century Symposium, a forum for energy and energy policy practitioners in NY State, took place recently. This year’s focus was “How Can We Reach Our Renewable Energy Goals?” There was an unspoken understanding in the room that the question held a deeper significance than it had a year earlier.
Speakers included NY State Comptroller Tom DiNapoli, Janet Joseph, VP of Innovation and Strategy at NYSERDA, David Mooney, NREL’s Director of Strategic Energy Analysis and Anne Reynolds, Director of Alliance for Clean Energy, NY. A tremendous amount of information was shared. We will attempt to hit a few of the highlights here.
Janet Joseph opened the proceedings with an assessment of that state’s progress to the ambitious goal under the NY Clean Energy Standard, of 50% renewable electricity by 2030, a 40% reduction in GHG levels from 1990, and a 23% decrease in building energy usage from 2012 levels. While the current 26% renewable share is definitely a feel-good number, the fact the most of that currently comes from hydro (think Niagara Falls) means that NY will need considerable additional growth in solar, wind and other renewables in order to meet that target. To reach the goal of nearly 35,000 GWh of renewables by 2030, will require exponential growth to continue at an accelerating pace, with about 40% of that expected to come from wind.
She then announced that NYSERDA would soon be releasing a solicitation for renewable energy, its largest ever. Included for the first time, will be funding for offshore wind (OSW) projects. The state has committed to developing 2.4 GW of offshore wind by 2030. The state’s first offshore wind energy area, consisting of some 80,000 acres off the Long Island coast has been established. The solicitation will also include funds for renewable heating and cooling, such as ground source heat pumps. Joseph also talked about the rollout of NY’s Clean Energy Fund (CEF) a key pillar in the state’s energy transformation that will provide necessary funds for critical projects.
Finally, Joesph mentioned that the governor has authorized a study to find out what it would take for the state to reach 100% renewable power.
Alfred Griffin, President NY Green Bank spoke of some of their work with CEF. They have distributed approximately $1B in funding so far, with another $600 million worth of renewable projects in the pipeline. Most of the projects are loans against future revenues through Power Purchase Agreements (PPA) and other similar arrangements.