Solar, Sourcing Renewables, Wind  -  June 22, 2021

Con Edison Releases Update on Renewables Progress

Con Edison released June 18 its 2020 sustainability report and detailed the progress it has made to offer more clean energy and efficiency solutions to its customers throughout its service territory.

The utility is currently pursuing a target of supplying its customers with 100% renewable energy by 2040. Con Edison now owns more than 2,800 MW of solar and wind projects with another 400 MW under construction. The company invested $600 million into large-scale renewables last year and intends to start putting more focus on such activities.

With the release of this report, Con Edison celebrated recent progress made in its energy-delivery systems, like its approval to build transmission lines to bring offshore wind to New York City and plans for a battery storage plant in Astoria, Queens.

Con Edison has also helped customers use more renewable energy by supporting the installation of more than 500 MW of individual solar and battery projects and agreeing to invest more than $310 million by 2025 into the connection of thousands of new EV charging stations.

The utility is also more than 80% complete with the rollout of a $1.4 billion smart meter installation initiative, which will see 5 million new smart meters across its service territory. New investments of $780 million will be made in three electric transmission projects in NYC, while the company also issued nearly $2.4 billion in green bonds between 2020 and 2021.

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