NY A07832

Establishes a renewable electricity compliance program requiring load-serving entities to procure minimum percentages of renewable energy, reaching 70% by December 31, 2030, with biennial interim targets of 30% (2020), 38% (2022), 46% (2024), 54% (2026), and 62% (2028)

Defines qualified renewable energy systems as those using photovoltaics, wind, hydroelectric, geothermal, solar thermal, tidal, wave, ocean thermal energy, or non-fossil fuel cells, either located in New York or adjacent control areas with documented transmission rights

Requires entities to comply by purchasing renewable energy credits (RECs) from qualified projects directly or through the New York Energy Research and Development Authority, with non-compliance penalties set at 125% of the previous year's REC sale price

Sets minimum capacity requirements including 6,000 megawatts of distributed solar by December 31, 2025, and 9,000 megawatts of offshore wind by 2035

Requires the New York Energy Research and Development Authority to establish annual procurements for large-scale solar and on-shore wind projects through 2030 with published three-year procurement schedules updated annually