NYPA Sets Record for Energy Efficiency Funding
The $1 billion mark for total investments in energy efficiency and clean energy initiatives has been passed by the New York Power Authority (NYPA), according to the International Facility Management Association (IFMA).
International Facility Management Association (IFMA).
Breaking their previous one-year record for total investments in energy efficiency and clean energy projects, NYPA invested about $110 million in these projects during 2006. The previous record of $103.8 million was set in 2001.
In 2006, the NYPA directed funding to more than 250 projects at government buildings, schools, police stations and other public facilities throughout the state. NYPA typically recovers its costs by sharing in the savings in energy bills that result from its initiatives, after which program participants retain all the savings.
The largest 2006 investment, more than $19 million, was for a project to replace four boilers and about 25,000 feet of hot water distribution piping at New York City’s North River Wastewater Treatment Plant on the Hudson River in Upper Manhattan. The project, which began in 2005 and is scheduled for completion in 2007, is expected to ultimately cost about $37 million, according to NYPA.
Among the clean energy highlights in 2006 was NYPA’s investment of funds toward development of a project in which landfill gas will be used to produce nearly 5 megawatts of electricity at Monroe County’s Mill Seat Landfill in Riga. The project is scheduled for completion next spring, according to NYPA.
NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity.