New York Governor Kathy Hochul on Tuesday announced a series of awards for 6.4 GW of renewable energy projects, including 3 major offshore wind projects and 22 land-based projects, marking the largest-ever U.S. state investment in renewable energy to date.
When completed, the projects are expected to generate enough electricity to power more than 2.5 million homes, meet 12% of New York’s energy needs and reduce greenhouse gas emissions by 9.4 million metric tons annually Reduce.
The new awards also bring New York’s operating, contracted and under-development renewable energy projects to a capacity sufficient to meet 79% of the state’s electricity needs by 2030, well ahead of the mandated goal of 70% of electricity from renewable sources. that time. The projects will also contribute to the state’s path to achieving a zero-emissions electricity sector by 2040 and economy-wide carbon neutrality by mid-century.
Governor Hochul said:
“Today we are taking action to keep New York’s climate goals within reach, showing the nation how to recalibrate in the wake of global economic challenges, while moving toward a greener and more prosperous future for generations to come.”
About two-thirds of the prizes went to three large-scale offshore wind projects, including TotalEnergies, Rise Light & Power and Corio Generation’s 1.4 GW “Attentive Energy One”, RWE Offshore Renewables and National Grid Ventures’ 1.3 GW “Community Offshore Wind”, and Copenhagen Infrastructure’s Vineyard Offshore’s 1.3 GW “Excelsior Wind” project. Combined, the projects mark the largest-ever state investment in offshore wind energy, and are expected to displace more than 7 million tons of CO2 annually, and generate more than $15 billion in expected domestic spending.
The onshore awards include 14 new solar projects, six wind power generation projects, one new wind project and a return-to-service hydroelectric project, totaling 2.4 GW. The projects are expected to generate more than $4 billion in direct investment.
US Secretary of Energy Jennifer M. Granholm said:
“The Department of Energy applauds the important step this announcement represents in building an offshore wind industry here in the U.S. that will revitalize domestic manufacturing and coastal economies while advancing our clean energy future.”