New York State regulators have approved 25-year contracts with developers of two transmission projects that will deliver 18 terawatt hours of renewable energy annually to New York City, enabling it to cut reliance on fossil fuels for power generation by 50% by 2030.

The Tier 4 contracts are between the New York State Energy Research and Development Authority (Nyserda) and Champlain Hudson Power Express and Clear Path New York.

Governor Kathy Hochul called the Public Service Commission’s (PSC) decision to approve the contracts a “major step forward” in achieving the state’s goal of achieving 70% power generation from renewable sources by 2030.