The New York State Energy Research and Development Authority (NYSERDA) has announced the launch of expedited renewable energy solicitations. Final proposals for both offshore wind and land-based renewable projects are due in January 2024.
The solicitations, initially announced by Governor Hochul earlier this month, encourage all project developers, including those that previously petitioned the New York State Public Service Commission for financial relief and new market entrants to compete in the solicitation process.
As part of these solicitations, NYSERDA included key provisions from the latest rounds of renewable energy procurements such as inflation indexing, labour provisions, stakeholder engagement requirements, disadvantaged community commitments, agricultural land preservation, and related priorities to maintain the policy objectives introduced in prior solicitations to ensure an equitable energy transition that benefits all New Yorkers.
Final proposals for the offshore wind solicitation will need to be submitted by January 25, 2024, with award announcements expected to be made in February 2024.
The process for submitting proposals into the land-based renewables solicitation will be conducted in two steps, with eligibility requirements due on December 21, 2023 to confirm that interested projects are eligible to bid, and final proposals due on January 31, 2024. Award announcements are expected by the end of April 2024.
