interesting look in how new york state pays for its preferred energy sources
New York State has spent 22 years throwing its weight and public subsidies into renewables projects. Ratepayer money is only collected and awarded for actual power generation of course. But the vast majority of those projects have NOT resulted in operating renewable power. It's not for the state's lack of trying!
In total about 20 GW of unique projects have won subsidies from the state, but only 1.4 GW is operating today; 7.8 GW is pending; and 11.5 GW is straight-up cancelled. The chart below shows it in painful detail.
Each column represents total MW worth of renewables projects from a year of competitively awarded NYSERDA subsidy contracts. The first column shows the projects from 2004-2017, before the modern contract program; the last column, with the green, are NYPA-backed projects explained later.
Many projects cancel their contracts in one year and rebid for new contracts, at higher prices, in subsequent years. The hatch marks in the columns show these projects: red hatches show up in later columns where they rebid, and other hatches show up in earlier columns.
Not all state-supported renewables are private projects with NYSERDA contracts, however. In 2023 the socialist-led campaign to "build public renewables" resulted in new expanded authority for the state's public power authority, NYPA, to enter the renewables market.
NYPA-backed projects are shown in green. The last column shows their current projects that, according to my analysis, do not currently hold contracts with NYSERDA. 654 MW is entirely new and separate from NYSERDA awardees, while 796 MW are projects that had NYSERDA contracts that were cancelled. And the green vertical bar adjacent to those other columns shows which of the projects awarded NYSERDA contracts are backed by -- co-owned by -- NYPA.
Disclaimer: The matching of NYPA projects to projects designated by NYSERDA as subsidy awardees is fuzzy and based on my own inference. All large-scale renewable generation projects supported by NYSERDA or NYPA are included (solar, land-based wind, offshore wind, hydro), counting capacity from new, expanded, and repowered projects. Storage and small-scale (distributed) solar are excluded.