Renewable Energy Development at NYSERDA . Jeff Peterson NYSERDA June 25, 2008. Discussion Outline. Renewable Energy Task Force Recommendations - Creates the policy foundation Market Development - Builds wholesale and retail markets to meet policy goals Business Innovation
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Development at NYSERDA
June 25, 2008
THE FIRST REPORT OF THE RENEWABLE ENERGY TASK FORCE
TO GOVERNOR DAVID A. PATERSON
Design and administer a series of competitive procurements and incentive programs to add new grid-tied renewable generation and increase the penetration of renewable technologies located behind-the-meter on the customer premises and preserve existing renewable resource base
- Main Tier -
New capacity (at end program year 2009) - approx. 1,345 MW
Total Available REC produced annually - nearly 4,300,000
Facilities involved - 31 projects/29 in New York
Resource type - 16 hydro/3 biomass/13 wind
New capacity under NYSERDA contract - 1,106 MW
Expected NYS economic benefits - approx. $ 1.4 billion
REC under contract to NYSERDA annually - approx. 3,500,000
Weighted REC price - $ 17/MWh
% of 2013 program goal achieved - approx. 35 %
Results pending execution of contracts under 3 rd procurement cycle
Funded/managed critical research on auction principles and practices
Selected auction services provider and expect to execute auctions or brokered arrangements to comply with these new initiatives
RGGI - Region wide auction
CAIR - NYSERDA administered auctions/brokered arrangements
NYSERDA administers CAIR/RGGI programs on behalf of NYS DEC
NYSERDA allocated carbon (CO2) (approx 65 million tons) and nitrous oxide (NOx) allowances (approx 23,000 tons) respectively to sell to entities affected by these new regulations.
Proceeds from the sales of CO2 and NOx will be used to promote and implement programs for energy efficiency, renewable or non-carbon emitting technologies, and innovative carbon emissions abatement technologies with significant carbon reduction potential.
Regulatory Risk – Emission regulation.
Supply Chain Cost – Higher component and energy costs as suppliers pass along increasing carbon-related costs to their customers.
Product and Technology Opportunities - Ability to identify new market opportunities for climate-friendly products and services.
Reputation – Public, or consumer, perception on the role of the company as a steward of the environment.
Based on: J.E. Pater, Framework for Evaluating the Total Value Proposition of Clean Energy Technologies, Technical Report NREL/TP-620-38597, February 2006
Clear path to competitive economics
Support Business Innovation along with Technology Development
High Level Business Plan
Will the technology work?
Is the business viable?
Will it work for a customer?
$10 MILLION AVAILABLE - $1.5 million per project
PROPOSALS -- ACCEPTED ANYTIME
Expand the level of manufacturing of renewable, clean, and energy-efficient products in New York through …
… funding for Facility and Site Characterization, Project Development and Construction, and Project Commercial Operation
The Way I See It #289
So-called “global-warming” is just a secret ploy by wacko tree-huggers to make America energy independent, clean our air and water, improve the fuel efficiency of our vehicles, kick-start 21st century industries, and make our cities safer and more livable. Don’t let them get away with it!
-- Chip Giller
Founder of Grist.org, where environmentally minded people gather online.
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