offshore wind farm under construction

FILE PHOTO: DJ Mattaar / Shutterstock

New York State Announces $500 Million Investment in Offshore Wind

Mike Schuler
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January 6, 2022

New York Governor Kathy Hochul has announced a “nation-leading” $500 million investment in offshore wind.

The investment, announced as part of the 2022 State of the State, will support the development of ports, manufacturing, and supply chain infrastructure necessary to secure New York’s position as a hub for the nascent offshore wind industry.

Governor Hochul’s offshore wind plan seeks to develop 4.3 gigawatts (GW) of renewable offshore wind energy, which is enough to power nearly 3 million New York homes, representing half of New York’s 9GW goal for 2035. If successful, the goal will support some 6,800 direct high-paying jobs and lead to a combined economic impact of $12.1 billion statewide.

“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,” Governor Hochul said. “I am proud to make New York a leader in offshore wind and renewable energy. We must harness the potential of offshore wind to fuel our economy forward and meet our ambitious climate goals.”

The New York State Energy Research and Development Authority will launch its next offshore wind procurement in 2022, which is expected to result in at least 2GW of new projects. To realize an offshore wind grid capable of delivering at least 6GW of offshore wind energy directly into New York City, state agencies will conduct a New York State Cable Corridor Study to identify strategic offshore wind cable corridors and access key points of interconnection to the grid.

Building on the success of New York’s award-winning Offshore Wind Master Plan, NYSERDA will initiate a new “Master Plan 2.0: Deep Water,” to unlock more opportunities for offshore wind development.

New York is slated to begin construction on the state’s first offshore wind project, the South Fork Wind Farm, in early 2022. The Bureau of Ocean Energy Management (BOEM) completed its environmental review of the proposed South Fork Wind project in August, leading to federal approval in November and making it the second commercial-scale offshore wind project in the United States to win federal approval.

The approximately 130-megawatt South Fork Wind project will be located approximately 19 miles southeast of Block Island, Rhode Island, and 35 miles east of Montauk Point, New York. The project is expected to create about 340 jobs and provide enough power for about 70,000 homes.

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