- Published: 07 January 2022 07 January 2022
New York State Governor Kathy Hochul has announced a to make a $500 million investment in offshore wind as part of the 2022 State of the State. This plan will directly invest in offshore wind manufacturing and supply chain infrastructure.
New York will invest up to $500 million in the ports, manufacturing, and supply chain infrastructure needed to advance its offshore wind industry, leveraging private capital to deliver more than $2 billion in economic activity.
NYSERDA will launch its next offshore wind procurement in 2022, which is expected to result in at least 2GW of new projects. NYSERDA will couple this procurement with the $500 million offshore wind infrastructure investment to obtain maximum leverage for New York.
To realize an offshore wind grid able to deliver at least 6 gigawatts of offshore wind energy directly into New York City while minimizing onshore and ocean floor impacts, 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 the next frontier of offshore wind development.