"New York State Takes a Major Step Towards Renewable Energy: $1.2 Billion Deal With Hydro Quebec Kicks In A significant milestone in New York State's push towards renewable energy has been reached with the launch of a $1.2 billion contract between the New York State Energy Research and Development Authority (NYSERDA) and Hydro Quebec. The agreement, which begins today, involves the purchase of renewable energy credits from Hydro Quebec, a move aimed at reducing the state's reliance on fossil fuels and meeting its ambitious clean energy targets. The deal is made possible by the recent completion of the Champlain Hudson Power Express (CHPE) transmission line, a 320-mile underwater cable that connects New York to Hydro Quebec's vast hydroelectric power grid. As the contract takes effect, New York State is expected to receive a significant boost in its renewable energy portfolio, marking a major step forward in its efforts to combat climate change."
The contract for New York State Energy Research and Development Authority to buy renewable energy credits from Hydro Quebec starts today after the CHPE transmission line became operational last month ...
