Key takeaways from the report include the following:
- New York has some of most ambitious decarbonization targets, but challenging economics for renewables; REC systems are critical to the region’s decarbonization.
- NYSERDA’s Index REC structure provides certainty through a contracted offtake structure, but presents additional risks via ATC-GWA, nodal basis, and inflation risk.
- New York projects with the best economics will win, favoring upstate regions and developers willing to take on more (or underestimating) contract risks.
If you are an Aurora subscriber, you can view the full report on EOS. A redacted version of the report is also available to nonsubscribers below.
Contact Adelaine Bhattacharjee for more information.
