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New York announces $107M for solar power

On October 11, 2012, in Sustainable Finance, by Joe Nyangon
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The New York State Energy Research and Development Authority is seeking proposals for large scale solar power installations to benefit from a $107 million investment from the state’s solar initiative. Under the NY-Sun Competitive PV Program, a total of $36.4 million will be available in 2012 and $70.5 million in 2013. The first round proposals […]

The New York State Energy Research and Development Authority is seeking proposals for large scale solar power installations to benefit from a $107 million investment from the state’s solar initiative. Under the NY-Sun Competitive PV Program, a total of $36.4 million will be available in 2012 and $70.5 million in 2013.

The first round proposals are due November 8. The funding cap is set at $3 million and to better leverage the state resources, the projects will require co-funding from private developers. “The NY-Sun program has helped establish New York State as a leader in solar power, and these investments in photovoltaic systems will allow businesses and municipalities to put in place green, cost-effective electric generating installations,” Governor Andrew Cuomo said.  “I encourage all businesses and municipalities eligible for these grants to apply.” Full article

 

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