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NY invests $220 million in clean energy

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Posted at 8:12 AM, May 13, 2016
and last updated 2016-05-14 08:42:15-04

New York is partnering with several private companies to invest up to $220 million in new clean energy and energy efficiency projects.

The move, announced by Gov. Andrew Cuomo on Thursday, is part of the state's effort to generate half of its electricity from renewable sources by the year 2030.

Overall, the state plans to set aside $5 billion over 10 years to ease the transition to clean energy.

The projects announced Thursday include programs to make residential and commercial solar power more affordable for consumers, as well as a program to provide energy efficiency upgrades to as many as 400 New York state homes.