NYISO: Clean Transmission Project Tabled
December 16, 2024
The New York State Energy Research and Development Authority (NYSERDA) and Clean Path NY have agreed to terminate the 175-mile Clean Path Transmission Project. Slated to come online in 2027, the 5 GW Clean Path NY was viewed as a lynchpin in the goal to bring renewable energy to New York City.
The underground project would bring wind, solar and hydro to a market that is heavily dependent on fossil fuels as it strives to meet growing demand from electrification and data centers, which could result in capacity shortfalls in 2033 and 2034. New York’s climate goals include consumption of 70% renewable electricity by 2030 and development of a zero-emission electric grid by 2040. Clean Path NY was to run from the Fraser Substation in Delaware County, to the Rainey Point interconnection in Queens.
According to NYSERDA, the project economics changed due to inflation, and a request for higher ratepayer subsidiaries from the state was rejected. As a result, NYSERDA and Clean Path have mutually agreed to terminate the project’s Tier 4 Renewable Energy Credits purchase and sale agreement.
Clean Path NY and the Champlain Hudson Power Express represent the states’ renewable energy and transmission approach, known as Tier 4, a part of an overall large-scale renewables plan.
