New York Procurement Delay Frustrates Wind Energy Developers

September 26, 2012 by Mark Del Franco in North American Windpower

The New York State Energy and Research Development Authority (NYSERDA) - the agency that administers the state's renewable portfolio standard (RPS) for the Public Service Commission - says its renewable energy call for power has taken longer than anticipated.

"We are continuing to explore approaches to minimize risks to New York," says NYSERDA spokesperson Alan Wechsler. "The possible expiration of the federal production tax credit - a major revenue source for wind developers - and other market development trends led to a more complicated procurement situation, and approval and issuance are taking longer than we originally projected."


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