This quarter’s NYISO Renewables Watch update includes ESAI’s latest updated Tier 1 REC supply and demand outlook and assesses New York’s progress towards meeting it’s 70% by 2030 Renewable Energy requirement. We compare New York’s RES requirements with ESAI’s Projections (MWh) to assess the projected deficit.
ESAI’s latest Renewables Watch report also covers the following developments:
1) NYSERDA received proposals from several projects in response to New York’s 5th Offshore Wind Solicitation.
2) NYSERDA’s launched it’s 8th Tier 1 Solicitation for land based, large scale renewable energy projects.
3) Detailed coverage of renewable capacity that has been removed from the NYISO Interconnection Queue to accommodate the new Standard Interconnection Procedures. NYISO has commenced implementation of the procedures while FERC approval is still pending.
4) Republican State Senators have introduced a bill proposing to delay the CLCPA Targets by ten years.
5) NYSERDA and the NY DPS have released a draft of the 2024 CES Biennial review with suggestions on ways the state can it’s 70 X 30 Renewable Energy Target in the early 2030s.
Subscribers, check your inbox for all of our latest reports and forecasts. You can learn more about Renewables Watch via this link.
ESAI Power is a market research and consulting firm that delivers focused analysis of the wholesale power markets: PJM, NYISO, ISO-NE and MISO. To become a client, click here.
Learn About Renewable Energy
ESAI Power evaluates the renewable energy issues, markets and trends in the PJM, New York, and New England market footprints. Coverage includes solar, onshore and offshore wind, hydroelectric, and storage. For each region, ESAI Power details the regulatory and market factors that impact the supply and demand balance for Class I Renewable Energy Credits (RECs) and projects the supply and demand balance of Class I RECs through 2032. Based on these projections, ESAI Power provides a Class I REC price forecast for the New England and PJM footprints and closely monitors renewable energy supply and demand developments in New York.
Learn About Renewables Watch
Renewables WatchTM is a quarterly report covering ongoing developments in clean energy and renewable power, covering solar, wind, hydroelectric, & storage for most of the Eastern United States. Renewables WatchTM brings the same detailed coverage the ESAI Power team has provided for the capacity, energy, and emissions allowance markets to the renewable energy sector. Renewables WatchTM provides Class I REC (Renewable Energy Certificates) Price outlooks to 2031 for the ISO-NE & PJM power generation and transmission system as well as the Supply & Demand Balance forecasts for the NYISO power generation and transmission system. Renewables WatchTM outlines regulatory and market factors that impact the supply and demand balance forecast for Class I RECs and project the supply and demand balance forecast for the next decade.
