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Utility-Scale Solar In Upstate New York | Earth Wise

June 22, 2021 By EarthWise 2 Comments

The first operational utility-scale solar projects in upstate New York are expected to commence commercial operations by the end of this year. A portfolio of eight projects comprising over 200 megawatts of generating capacity is being developed by CS Energy in partnership with Goldman Sachs Renewable Power Group and NYSERDA.

The projects include three 27-megawatt installations in the Capital Region – in Easton and Stillwater, three 27-megawatt installations in the Mohawk Valley – in Mohawk and Pattersonville, and two 27-megawatt installations in the Southern Tier – in Willet and Greene.

The projects will support more than 500 jobs and represent more than $160 million of private investment that is expected to generate over $80 million in benefits to local communities and regions. Those benefits will come to local landowners, property tax jurisdictions, and to local contractors who will provide ongoing operations and maintenance support for the projects.

The projects are the result of New York’s Clean Energy Standard, established in 2016 as well as 2019’s Climate Leadership and Community Protection Act. These initiatives made commitments that 70% of the electricity consumed in New York would be generated by renewable energy sources by 2030.

CS Energy has built over 150 megawatts of solar projects in New York to date. By the end of this year, that number will be close to 500 megawatts. CS Energy recently opened a regional headquarters in Albany to further support the company’s growth. The Goldman Sachs Renewable Power Group owns and operates more than 2.3 gigawatts of clean power across the country.

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Upstate New York’s first utility-scale solar projects set to come online this year

Photo, posted October 16, 2019, courtesy of Jonathan Cutrer via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Utility-Scale Solar On The Rise

May 8, 2019 By EarthWise Leave a Comment

According to research from Goldman Sachs, utility-scale solar power capacity is expected to grow by double digits globally over the next two years. The growth will be driven by expanding use of the technology in the United States, Europe, the Middle East, and China.

Solar power is the world’s fastest growing source of electricity generation and is slowly taking market share from fossil fuels like coal and natural gas. The transition is being driven by a combination of continuously lower prices for solar power and the impact of policies aimed at reducing emissions.

Utility-scale solar is defined as installations designed solely to feed electricity into the grid, in contrast to smaller-scale residential or commercial building units. There are now solar farms larger than half a gigawatt in generating capacity. According to the Goldman report, global utility-scale solar installations will reach 108 gigawatts in 2019, up 12% over the previous year, and will then grow another 10% to 119 gigawatts in 2020.

When residential and other smaller installations are included, most analysts expect global solar power capacity to soon hit 600 gigawatts. To put this in perspective, the global capacity only reached 100 gigawatts in 2012 and was actually less than 10 gigawatts in 2007.

Even more dramatic than the growth of solar installations is the reduction in solar cost, and the two are obviously closely related. Solar panel costs have dropped from around $70 per watt of electricity generated in 1980 to 36 cents per watt currently in the United States. When favorable policies both from governments and related to corporate sustainability targets are added to the mix, the booming growth in solar power is easy to understand.

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Large-scale solar power set for double-digit growth: Goldman Sachs

Photo, posted March 7, 2019, courtesy of Hedgerow Inc via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Disruptive Light Bulb Technology

September 27, 2016 By WAMC WEB

Investment companies like to talk about the disruptive nature of technologies and how they change industries while simultaneously changing our lives. The growing emphasis on a low-carbon economy has spotlighted a number of technologies as being disruptive in their industry sectors. One hears this frequently when discussing wind and solar power. Clearly, these two technologies are changing the face of the utility industry, but at least at present, they still represent a fairly small fraction of the overall business.