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NYC plans state’s largest renewable-energy and transmission project in 50 years
Transactions - APRIL 15, 2022

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NYC plans state’s largest renewable-energy and transmission project in 50 years

by Andrea Zander

New York Governor Kathy Hochul announced that the State Public Service Commission has approved contracts with Clean Path New York LLC for its Clean Path NY project and H.Q. Energy Services Inc. for its Champlain Hudson Power Express project to deliver clean, renewable solar, wind and hydroelectric power from upstate New York and Canada to New York City.

“Today’s decision is a major step forward in achieving New York State’s goal of 70 percentage of our energy from renewable resources, while paving the way for thousands of high-quality jobs, spurring billions in economic activity, reducing our dependence on fossil fuels, and ushering in a cleaner, greener New York for all,” said Hochul.

The state's first-of-its-kind renewable energy and transmission projects are expected to deliver ass much as $5.8 billion in overall societal benefits statewide, including greenhouse-gas reductions and air-quality improvements, and $8.2 billion in economic development across the

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