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New York Awards 1.7 GW Renewable Energy, Storage Projects

TaiyangNews · last updated

The New York State Energy Research and Development Authority (NYSERDA) has awarded 13 large-scale renewable energy and eight new bulk energy storage projects with a combined 1.7 GW capacity under its 2025 solicitation for these technologies.

The total comprises more than 719 MW of renewable energy capacity including solar, onshore wind and hydroelectric projects, selected under the 2025 Renewable Energy Standard Solicitation.

NYSERDA has also awarded eight lithium-ion bulk energy storage projects under its first Index Storage Credit (ISC) solicitation. The 15-year market-based ISC credits are designed to close the “missing money” gap by giving storage project owners greater revenue certainty, with payments linked to wholesale energy and capacity prices.

Together, these represent a combined 950 MW of new storage capacity. The eight winning projects were selected from 46 projects totaling close to 6 GW of capacity it received in response.

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