The World's #1 Renewable Energy Network for News, Information, and Companies.

LIPA Approves Largest Solar Energy Project in New York State

Long Island Power Authority (LIPA) president and CEO, Kevin Law this week announced that the LIPA Board of Trustees approved power purchase agreements (PPAs) with BP Solar and enXco Development Corp., creating the state's largest source of solar power on Long Island. LIPA's Solar Energy Project will introduce approximately 50 megawatts (MW) of renewable energy generated on Long Island onto LIPA's electric grid.

“Today’s approval is great news for Long Island and the entire state of New York. LIPA’s Solar Energy Project is the largest solar project in New York State. I have kept my commitment to Long Island and LIPA’s customers to invest in renewable energy and energy efficiency, to diversify our energy portfolio, to reduce our use and dependence on fossil fuels, to stimulate the local economy, to create clean energy jobs, and to help build the solar industry,” Law said.

On Tuesday, Governor Paterson accepted the final 2009 State Energy Plan from the New York State Energy Planning Board, a comprehensive blueprint for New York to continue to transition to a clean energy economy over a 10-year planning horizon.The Plan identifies a number of specific policy initiatives, including supporting the development of in-State energy supplies like solar energy and encouraging investment in, and identifying future needs for, energy infrastructure. Both policy objectives are achieved through today’s announcement by LIPA.

In February 2009, LIPA officials announced the results of a competitive procurement process to install photovoltaic arrays, selecting BP Solar and enXco Development Corp. to provide LIPA with capacity, energy and associated renewable energy credits (RECs) from solar arrays to meet LIPA’s renewable energy goals.

LIPA will enter into PPAs with BP Solar and enXco Development Corp. to provide 32 MW and 17 MW of energy, respectively, along with RECs and capacity from their projects. BP Solar will construct its ground-mounted solar system at Brookhaven National Laboratory at a cost of $298 million over the contracted 20-year term.

enXco will install solar systems on car ports within existing parking lots, at railroad stations and other facilities owned by Suffolk County owned parking lots at a cost of $125 million over the contracted 20-year term. Both PPAs require the companies to construct, operate and maintain the project and achieve full operation by mid 2011.

The effect of the costs of The Long Island Solar Energy Project to LIPA customers is equivalent to approximately .83 cents per month per customer. To defray some of the costs of the solar project, LIPA is actively pursuing funding under the American Recovery and Reinvestment Act in the amount of $15 million dollars and has already secured federal appropriations from Congressman Steve Israel in the amount of $1.75 million.

RELATED ARTICLES

First Anniversary of The Balkan Floods Highlights Renewable Energy Market Opportunities

Ilias Tsagas, Contributor One year ago this month, severe flooding in Serbia, Bosnia-Herzegovina and Croatia killed 79 people, displaced about half a million and caused economic paralysis of the region. In the wake of these the catastrophic events, ...
Canadian Climate Goals

Canada Announces Weak Climate Target

Danielle Droitsch, NRDC Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in...
Renewable Energy Stocks

What Drives Alternative Energy Stocks?

Harris Roen, The Roen Financial Report Alternative energy became a serious market player after the turn of the millennium. Since that time, solar, wind, smart grid and other alternative energy stocks have experienced both strong up and down trends. The forces at...
Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

CA Wine Industry's 2015 Solar Update- WEBINAR

Proceeds from event registration will go to the CA Sustainable Win...

SMA More Power, More Profit Tour - Duluth

SMA’s More Power, More Profit Tour is aimed to provide highly-valu...

COMPANY BLOGS

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

Boulder County Residents Generate Their Own Energy with Community S...

Despite a soggy afternoon, solar energy advocates gathered at ...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS