In December, NYSERDA awarded contracts for 23 large-scale renewable projects, aiming to contribute 2.3GW of clean energy to New York’s grid. CPP Investments’ Cordelio Power received the majority of contracts for nine solar facilities, while other projects involve Greenbacker, Invenergy, EQT, and Ares Management. Governor Kathy Hochul emphasized the economic benefits and job creation from these projects. However, the average strike price increased to $94.73 per MWh, up from $80.96 in 2022, attributed to inflation and rising development costs. Experts argue the higher price reflects market conditions and the necessity for economically viable projects amidst changing dynamics.