New York State plans to put money into renewable vitality tasks throughout the state and off its shores, leading to 6.4 GW of fresh vitality, sufficient to energy 2.6 million New York houses, create 8,300 jobs and ship roughly 12% of the state’s electrical energy wants. This renewable vitality funding is ready to be the biggest made by a single state in U.S. historical past.
“New York continues to set the tempo for our nation’s transition to scrub vitality,” mentioned Gov. Kathy Hochul. “An funding of this magnitude is about extra than simply combating local weather change – we’re creating good-paying union jobs, bettering the reliability of our electrical grid, and producing vital advantages in deprived communities. In the present day, we’re taking motion to maintain New York’s local weather objectives inside attain, demonstrating to the nation methods to recalibrate within the wake of world financial challenges whereas driving us towards a greener and extra affluent future for generations to come back.”
“The Division of Vitality applauds the numerous step that this announcement represents for constructing an offshore wind vitality trade right here within the U.S. that revitalizes home manufacturing and coastal economies, whereas advancing our clear vitality future,” mentioned U.S. Secretary of Vitality Jennifer M. Granholm. “New York is displaying President Biden’s Investing in America agenda at work, and DOE appears ahead to continued collaboration on venture deployment, improvement of a strong home provide chain together with transmission improvement to assist understand each our state and federal offshore wind objectives.”
From offshore wind venture solicitation, NYSERDA has chosen three new offshore wind tasks totaling 4.032 GW of fresh vitality. Moreover, the awarded tasks will carry greater than $15 billion in anticipated in-state spending and create greater than 4,200 household sustaining jobs throughout Lengthy Island, New York Metropolis and the Capital Area over the 25-year lifespan of the tasks.
The three offshore wind tasks are:
Attentive Vitality One (1,404 MW) developed by TotalEnergies, Rise Mild & Energy and Corio Technology. The venture features a novel fossil repurposing plan in Queens, which seeks to retire fossil gasoline energy era within the coronary heart of New York Metropolis and transition the present workforce to scrub vitality jobs.
Group Offshore Wind (1,314 MW) developed by RWE Offshore Renewables and Nationwide Grid Ventures. The venture contains makes use of new grid interconnection being developed by Con Edison in downtown Brooklyn, made doable by the Public Service Fee Order Approving Price Restoration for Clear Vitality Hub to maximise clear vitality supply into New York Metropolis.
Excelsior Wind (1,314 MW) developed by Winery Offshore (Copenhagen Infrastructure Companions). The venture contains proposed cable route choices offering vitality deliverability to Lengthy Island, leveraging the electrical grid growth offered by means of the Lengthy Island Public Coverage Transmission Want end result.
Collectively, these tasks will make investments $85 million to help wildlife and fisheries analysis, mitigation, and enhancement; almost $300 million in commitments to Minority and Girls Owned Enterprise Enterprises (MWBEs) and Service-Disabled Veteran Owned Companies (SDVOBs); over $100 million in commitments to coach New York’s workforce to construct and repair offshore wind tasks; and billions of {dollars} in public well being advantages ensuing from decreased publicity to dangerous pollution—together with fewer episodes of sickness and untimely loss of life, fewer days of missed college or work, much less disruption of enterprise, and decrease well being care prices.
These tasks make use of a mixture of versatile transmission designs, together with a decreased footprint in transmitting vitality from offshore wind tasks to New York Metropolis by means of excessive voltage direct present (HVDC) and adaptable “Meshed-Prepared” offshore electrical substations. The three offshore wind tasks are anticipated to enter business operation in 2030. The common invoice impression for purchasers over the lifetime of the tasks shall be roughly 2.73%, or about $2.93 monthly. The common all-in improvement value of the awarded offshore wind tasks over the lifetime of the contracts is $96.72 per megawatt-hour.
Delivering on Governor Hochul’s dedication to make New York State a hub for the U.S. offshore wind provide chain, this procurement contains continued help for offshore wind turbine manufacturing, which leverages over $2 in privately dedicated capital for each $1 of New York public funding. NYSERDA can be awarding $300 million in state funding to allow the event of two provide chain services together with nacelle manufacturing and meeting by GE Vernova, together with blade manufacturing developed by LM Wind Energy Blades USA, each deliberate for New York’s Capital Area.
This funding has the capability to provide virtually one-third of the whole regional demand for offshore wind by 2035, which can unlock $968 million in private and non-private funding, create 1,700 direct and oblique jobs backed by prevailing wage and venture labor agreements, and lead to over $3 billion in direct spending within the State. Moreover, these tasks additionally align with obtainable federal tax credit, enabling future financial savings to New York’s ratepayers.
Moreover, New York is repowering six wind tasks and constructing one new wind venture. These tasks are:
- Valcour Bliss Windpark: AES will repower a 100.5-MW wind facility within the city of Eagle, Wyoming County.
- Valcour Wethersfield Windpark: AES will repower a 126-MW wind facility within the city of Wethersfield, Wyoming County.
- Valcour Altona Windpark: AES will repower a 97.5-MW wind facility within the city of Altona, Clinton County.
- Valcour Chateaugay Windpark: AES will repower a 106.5-MW Wind facility within the city of Chateaugay, Franklin County.
- Valcour Clinton Windpark: AES will repower a 100.5-MW Wind facility within the city of Clinton, Clinton County.
- Valcour Ellenburg Windpark: AES will repower an 81-MW Wind facility within the city of Ellenburg, Clinton County.
- North Nation Wind: Terra-Gen Improvement Firm will construct a 298.2-BW wind facility within the cities of Burke and Chateaugay, Franklin County.
Information merchandise from NYSERDA
Filed Below: Information, Offshore wind, Initiatives
