Governor Hochul announces nation’s largest-ever state investment in renewable energy

Governor Kathy Hochul has announced the largest state investment in renewable energy in United States history, demonstrating New York’s leadership in advancing the clean energy transition. The conditional awards include three offshore wind and 22 land-based renewable energy projects totalling 6.4 gigawatts of clean energy, enough to power 2.6 million New York homes and deliver approximately 12 percent of New York’s electricity needs once completed. When coupled with two marquee offshore wind blade and nacelle manufacturing facilities, this portfolio of newly announced projects is expected to create approximately 8,300 family-sustaining jobs and spur $20 billion in economic development investments statewide, including developer-committed investments to support disadvantaged communities.

The announcement supports progress toward New York’s goal for 70 percent of the state’s electricity to come from renewable sources by 2030 and nine gigawatts of offshore wind by 2035, on the path to a zero-emission grid as required by the Climate Leadership and Community Protection Act. Following these awards, New York will now have enough operating, contracted, and under development renewable energy projects to supply 79 percent of the state’s 2030 electricity needs with renewable energy.

“New York continues to set the pace for our nation’s transition to clean energy,” Governor Hochul said. “An investment of this magnitude is about more than just fighting climate change – we’re creating good-paying union jobs, improving the reliability of our electric grid, and generating significant benefits in disadvantaged communities. Today, we are taking action to keep New York’s climate goals within reach, demonstrating to the nation how to recalibrate in the wake of global economic challenges while driving us toward a greener and more prosperous future for generations to come.”

U.S. Secretary of Energy Jennifer M. Granholm said, “The Department of Energy applauds the significant step that this announcement represents for building an offshore wind energy industry here in the U.S. that revitalises domestic manufacturing and coastal economies, while advancing our clean energy future. New York is showing President Biden’s Investing in America agenda at work, and DOE looks forward to continued collaboration on project deployment, development of a robust domestic supply chain along with transmission development to help realise both our state and federal offshore wind goals.”

New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “This latest and largest round of large-scale renewable energy awards is further proof that New York is, and will continue to be, a place where the renewable energy sector can thrive. This cohort of large-scale renewable energy projects reflect New York’s longstanding and ongoing priority to responsibly advance the most cost-competitive and economically viable clean energy projects in a manner that is timely and maximises benefits for all New Yorkers.”

Others have also viewed

UK’s energy supply needs over £900 billion investment to reach net zero by 2050

The UK’s energy supply could require more than £900 billion in capital expenditure to achieve ...

DFC and Shell Foundation to support distributed renewable energy solutions in emerging markets

The U.S. International Development Finance Corporation (DFC) and Shell Foundation, the U.K.-registered charity supporting energy ...

e-STORAGE to deliver 226 MWh DC of battery storage projects to ENGIE 

Canadian Solar’s majority-owned e-STORAGE will deliver 226 MWh DC of turnkey energy storage solutions to ...

COP28: NewLink’s pollution reduction project sets benchmarks

The Center for Environmental Education and Communications of Ministry of Ecology and Environment and Energy ...