New York announces $500 million offshore wind investment

New York Gov. Kathy Hochul announced a $500 million offshore wind investment to include manufacturing and supply chain infrastructure. The state plans to develop 4,300 MW of offshore wind energy, representing nearly half of New York’s 9,000 MW goal for 2035.

Coupled with the $500 million, the state will launch its next offshore wind procurement in 2022, which is expected to result in at least 2 GW of new projects.

“With this investment, New York will lead the nation on offshore wind production, creating green jobs for New Yorkers, and powering our clean energy future,” Gov. Hochul said in her State of the State address. 

This month New York will begin construction on the state’s first offshore wind project. The South Fork Wind Farm is a 132 MW project to be located 19 miles southeast of Block Island, Rhode Island. The partnership between Ørsted and Eversource is the second commercial-scale offshore wind project to receive federal approval in the U.S.

South Fork Wind is approved to install 12 or fewer wind turbines. The project will use Siemens-Gamesa’s 11 MW turbines. Kiewit Offshore Services will design and build the project’s substation.

To date, New York has five offshore wind projects and five ports under active development. 

A look at New York’s wind projects (Source: New York State Energy Research and Development Authority).

Source: Renewable Energy