NY Announces $160M In Clean Energy Funding

Apr 7, 2015

Governor Andrew Cuomo announced Tuesday that $160 million of invested funds will go to support large scale renewable energy projects around the state. 

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The money will be awarded competitively by the New York State Energy Research and Development Authority.

Cuomo's office says that for every $1 invested in such projects, the state realizes $3 in economic benefits.

Cuomo says the funding is a "crucial resource" for the development of cleaner and more sustainable energy.

© 2015 AP