New Report Assesses New York Renewable Portfolio Standard Market

BOULDER, Colo., April 20 /PRNewswire/ -- A market assessment of the New York
Renewable Portfolio Standard (RPS) has just been released by the New York
State Energy Research and Development Authority (NYSERDA). Summit Blue
Consulting, a leading provider of utility and energy consulting services,
worked with NYSERDA to assess the current state of the market for renewable
energy in New York and how the program has influenced or been influenced by
market conditions since its inception in 2004.

New York's approach is unique among state RPS policies because it is
structured to have a single procurer of RECs (Renewable Energy Credits) for
compliance. Summit Blue's assessment found that New York's RPS has played a
critical role in advancing renewable energy markets in the state to date. In
particular, long-term contracts offered under NYSERDA's Main Tier program have
proven valuable in driving the development of large-scale renewable projects,
primarily wind, in New York. An indication of the program's influence is the
high percentage of New York's wind potential that has been realized, relative
to other states that also possess relatively strong wind resources but lack
similar RPS provisions. New York REC prices are now less than those in most
neighboring states' that have RPS compliance markets.

In the report, Summit Blue identifies the key forces that have shaped the
evolution of New York's market for renewable energy since the RPS took effect
in 2004. This analysis is one of the outputs of Summit Blue's interviews with
more than 90 active players in the New York market, including developers, tax
investors, debt holders, policy makers, utilities, and manufacturers of
renewable energy technologies. These individuals represented companies
spanning a wide range of utility-scale and distributed technologies, including
wind, solar, biomass, landfill gas, hydro, and tidal generation projects.

To read more about these defining forces and the current opportunities in the
market, please visit:
http://www.nyserda.org/Energy_Information/Market%20Conditions%20Final%20Report.pdf

Summit Blue, LLC, is a leading provider of energy efficiency, renewable
energy, and demand response consulting services and draws on a diverse range
of analytical skills from its offices in Colorado, California, Washington,
Wisconsin, Illinois and Vermont.

For more information about Summit Blue Consulting, LLC, please contact Frank
Stern at 720-564-1130 or visit our website at www.summitblue.com.

SOURCE Summit Blue Consulting, LLC

Frank Stern, +1-720-564-1130, for Summit Blue Consulting, LLC