New York State ranks 15th in the nation in terms of wind energy potential. With more than 550 megawatts (MW) of wind facilities in operation in New York as of October 2012 and more than 380 MW of projects under development, EDP Renewables North America LLC is committed to helping New York State meet the goal of ensuring that 30 percent of the state’s electricity is supplied by clean, renewable energy resources such as wind power by 2015.
New York’s open rural upstate landscape offers the potential for thousands of megawatts of wind power. Siting wind facilities in these communities creates new revenue and economic benefits that can lead to reduced taxes, improved services, or new equipment. New York’s competitive energy market creates incentives for wind development because energy prices in the wholesale market are set by the most costly power plants to operate—typically fossil fuel plants. There is a natural incentive to develop energy resources that are less costly to operate. With no fuel costs, wind power can be produced cheaply to suppress wholesale prices by displacing the need to operate more costly power plants.
Northeast Regional Office
52 James Street, 4th Floor
Albany NY 12207
518.426.1650 Phone
518.426.1653 Fax