Horizon Wind Awarded 171-MW REC Contract

Horizon Wind Energy has been awarded a contract by the New York State Energy Research and Development Authority (NYSERDA) in conjunction with the Public Service Commission (PSC) to sell renewable energy credits for a volume equivalent to 171 megawatts (MW) of capacity for ten years from its Marble River Wind Farm currently under development and located in Clinton County, New York.

The contract award is from NYSERDA’s fifth competitive solicitation and will be funded through the New York Renewable Portfolio Standard (RPS), which supports and finances the development of renewable energy resources that will help reduce harmful emissions, increase energy security, and build a clean energy economy.

“Horizon Wind Energy is pleased to be able to continue its relationship with NYSERDA with this contract award and we look forward to the opportunity to continue to provide clean renewable energy to the State of New York and its consumers,” said Gabriel Alonso, CEO of Horizon Wind Energy.

In 2004, New York established a Renewable Portfolio Standard as a policy to increase the amount of renewable energy used by New York consumers to 25 percent by the year 2013. Last year, the New York Public Service Commission, acting on a goal set by Governor David Paterson, expanded the RPS goal to increase the proportion of renewable electricity sold in New York from 25 percent to 30 percent by 2015.

To meet this goal, NYSERDA conducts competitive solicitations to award contracts for projects that deliver renewable energy to the New York wholesale power market.

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