By Reuters
NEW YORK — New York officials on Oct. 24 said the state has awarded conditional contracts to three offshore wind projects as part of a massive renewable energy procurement that will provide 12% of the state's power needs in 2030.
The announcement, which the state billed as the nation's largest ever investment in offshore wind, comes less than two weeks after New York regulators rejected requests by three offshore wind developers to renegotiate their contracts because of soaring costs. In response, Governor Kathy Hochul pledged to support renewable energy projects to meet the state's climate change goals.
The new awards, to projects under development by France's TotalEnergies, Germany's RWE, Britain's National Grid, and Denmark's Copenhagen Infrastructure Partners (CIP) are still under negotiation, the state said.
The more than 4 GW of offshore wind power the projects will be capable of generating is the largest share of 6.4 GW of renewable energy procurement, the state unveiled. Collectively, the offshore and onshore wind, solar, and hydroelectric projects will be able to power 2.6 million New York homes, the state said.
The projects include:
All three projects are expected to start generating power in 2030 and will add about $2.93 per month to customer bills over their lifetime.
New York is also committing $300 million to the development of offshore wind component manufacturing facilities planned by GE Vernova.
10.25.2023
