An Energy Forecast for 2017

Posted: January 3, 2017

2016 was an exciting year for New York energy. From the passage of the historic Clean Energy Standard and Zero Emissions Credit program to the sale of nearly 80,000 acres offshore New York for a wind farm development, our state took great strides towards securing a clean energy future. However, there’s still work to be done to ensure affordable, reliable energy for all New Yorkers, including: the development of updated energy infrastructure, the approval of several pipeline projects throughout the state, and the successful relicensing of Indian Point.

We expect 2017 to continue New York’s progression towards a clean, reliable, affordable energy future. Read more below for a snapshot of where current energy sources stand, and what’s coming up in the year ahead:

Nuclear power: On December 8, 2016, FERC announced its approval of the FitzPatrick transfer to Exelon.  The deal between Entergy and Exelon is expected to be finalized this April.

Natural gas: Last year, FERC approved two pipeline projects within New York State: Dominion’s New Market Project and Pilgrim Pipeline Project, an expansion of current pipelines in upstate New York. Pilgrim is slated to begin construction in March; New Market hasn’t announced a construction date.

Offshore Wind: On December 16, 2016, Norway’s Statoil announced its successful win of 79,000 acres offshore New York for wind development. Statoil also confirmed it will work closely with the New York State Energy Research and Development Authority (NYSERDA) to study and develop the Wind Energy Area.

Solar: New York’s first solar farm may be coming to Central New York this year. California-based Cypress Creek Renewables submitted a proposal to the Cicero town board for a 20 acre project to power 500 homes. If approved, Cypress Creek Renewables expects the farm to be in operation by fall 2017.