EDP Renewables North America is Awarded Contract by NYSERDA
Houston, April 12, 2010: EDP Renewables (the third largest wind operator in the world), through its subsidiary Horizon Wind Energy, has just 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, the clean environmental attributes of wind power, for a volume equivalent to 171 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.
“EDP Renewables is pleased to be able to continue its relationship with NYSERDA with this contract award and we look forward to continuing to provide clean renewable energy to the State of New York and its consumers,” said Ana Maria Fernandes, Chief Executive Officer of EDP Renewables. “This contract provides us increased optionalities for our 2011-12 build out prospects in one of the most attractive energy markets within the United States.”
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.
EDP Renewables has over 950 MW in development in New York State and through a 50/50 joint venture owns and operates the 322 MW Maple Ridge Wind Farm in Lewis County. The clean, renewable electricity produced by Maple Ridge Wind Farm flows directly into the New York state energy grid. The Renewable Energy Credits (RECs) from Maple Ridge have been contracted to NYSERDA and to the New York Power Authority (NYPA) and various third parties since January 2006.