NY Power Authority to fund solar energy projects

April 2, 2012 by  
Filed under Green Energy News

ALBANY, N.Y. — The New York Power Authority is launching a $30 million solar energy initiative.

The five-year program will fund solar energy research, training and demonstration projects. The goal is to bring down the cost of solar power generation so it will gain wider use.

The program is part of Gov. Andrew Cuomo’s “NY-Sun Initiative,” announced during his 2012 State of the State Address.

The Power Authority says it has developed photovoltaic power installations at its headquarters in White Plains and in schools and government buildings across the state. The 122 projects sponsored to date are contributing more than 2,500 kilowatts of energy.

The agency has also allocated lower-cost power to solar-related manufacturers such as Globe Specialty Metals and Precision Electro Minerals in Niagara Falls.

—Copyright 2012 Associated Press

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