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ARTICLE · 15 OCTOBER 2024

NYPA Releases Draft Renewables Strategic Plan, Invites Collaboration With Private Developers

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On Tuesday, October 8, 2024, the New York Power Authority ("NYPA") released its draft 2025 Renewables Strategic Plan (the "Draft Plan") and invited public comment.

United StatesEnergy and Natural Resources
Noah C. Shaw
Noah C. Shaw
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On Tuesday, October 8, 2024, the New York Power Authority ("NYPA") released its draft 2025 Renewables Strategic Plan (the "Draft Plan") and invited public comment.

The 2023-24 New York State budget granted NYPA expanded authority to plan and develop renewable energy projects to achieve state decarbonization goals and ensure adequate and reliable power supply in the State. Per the budget enactment, NYPA may issue debt to fund project development and sell the power, energy, ancillary services and RECs produced by the projects it develops. The budget further required that NYPA develop a Renewables Strategic Plan, which will be first issued in 2025 and thereafter updated every two years.

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