This week, North America’s largest renewable energy producer, Canadian hydropower giant Hydro-Québec announced that it, together with Blackstone portfolio company Transmission Developers have proposed two power generation and transmission solutions to help New York State meet its renewable energy and climate emissions reduction goals under the Climate Leadership and Community Protection Act (CLCPA).
The companies intend to supply New York City with clean power from Upstate New York and Canada, delivered via the new Champlain Hudson Power Express (CHPE), a transmission line linking Hydro-Québec’s hydropower facilities as well as upstate renewable generation to New York City. In a formal pitch to the New York State Energy Research and Development Authority (NYSERDA) this week, the companies have proposed providing either 100 percent hydropower deliveries from Québec via CHPE, or a combination of New York-generated renewable energy and Québec hydropower via an additional conver
The companies are to develop the Champlain Hudson Power Express project, which will deliver hydropower from Hydro-Québec’s facilities in Canada to New York City.
By Staff
Hydro-Québec and a Central Maine Power Co. affiliate have made initial benefit payments of $5.8 million to Maine for energy infrastructure as part of the $258 million committed to the state in exchange for the 145-mile Clean Energy Corridor construction, according to a news release from the two companies.
The companies in a joint news release said they have committed $10 million to be paid to the state by the end of the year. The money will be earmarked for broadband expansion, heat pumps, electric vehicles, weatherization and more.
“We are committed to helping Maine advance a clean energy agenda that also benefits the state economically,” said Thorn Dickinson, CEO and president of NECEC, which is a subsidiary of Avangrid Inc. (NYSE: AGR), Central Maine Power s parent company. NECEC LLC took over the transmission line project from CMP earlier this year.
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Project will start construction in 2021 and reduce CO2 emissions by 3.9 million metric tons and contribute an estimated $50 billion in economic benefits for New York State
MONTRÉAL, May 12, 2021 /CNW Telbec/ - Clean energy generator Hydro-Québec and Transmission Developers, Inc. have proposed generation and transmission solutions that will help New York State meet its renewable energy and climate emissions reduction goals under its nation-leading Climate Leadership and Community Protection Act (CLCPA) by supplying New York City with clean power from Upstate New York and from Canada, delivered over a new transmission line. The companies made these proposals in response to the New York State Energy Research and Development Authority s (NYSERDA) Tier 4 renewable energy procurement process.