State Funds Clean Energy

Budget provides $1.4 billion

By Jeff Simms

The 2019 state budget provides the New York Power Authority (NYPA) with $1.4 billion to finance clean energy projects across the state.

The move will provide highly competitive capital to wind, hydro and solar developers but only to support power plants that serve municipalities that are members of Community Choice Aggregation (CCA) programs.

Earlier this month the Town of Fishkill became the sixth municipality — along with Beacon, Philipstown, Cold Spring, Marbletown and Poughkeepsie — to join the Hudson Valley Energy CCA, which will negotiate electricity prices for residents and businesses in the region beginning this year. It is only the second CCA formed in the state, after one in Westchester.