Apr 15 2010
In association with the Public Service Commission (PSC), the New York State Energy Research and Development Authority (NYSERDA) has awarded a contract to Horizon Wind Energy for selling renewable energy credits. As a part of the contract, Horizon Wind Energy will supply wind energy of around 171 MW for a period of 10 years from the Marble River Wind farm of the company located at Clinton County, New York. The contract will be funded by means of the New York Renewable Portfolio Standard (RPS) that finances and supports renewable energy development to help increase energy security and reduce emissions.
Horizon Wind Energy’s Chief Executive Officer Gabriel Alonso stated the company looks forward to offer clean renewable energy resources to New York state and its consumers.
A Renewable Portfolio Standard was established in 2004 by the state of New York in an effort to increase the usage of renewable energy by the consumers of New York to 25% by 2013. In 2009, this figure was raised to 30% by the year 2015. In order to meet this target, NYSERDA carries out competitive solicitations for awarding renewable energy contracts.
Currently, Horizon Wind Energy has more than 950 MW of capacity in development in the state of New York and by means of a joint venture the company operates and owns the Maple Ridge Wind Farm with 322 MW of capacity in Lewis County. The renewable, clean energy generated by Maple Ridge Wind Farm is fed directly into the energy grid of the state of New York.
Source: http://www.horizonwind.com