NY Announces $500 Million Offshore Wind Investment And 2022 Procurement – Government, Public Sector

On January 5, 2022, as part of the 2022 State of the State, New
York Governor Kathy Hochul announced new investments and a plan to
advance offshore wind energy development off the coast of New York.
Governor Hochul announced that the state will make a $500 million
investment to support ports, manufacturing and supply chain
infrastructure to advance its offshore wind industry. Coupled with
the investment, Governor Hochul announced an offshore wind plan
with the following actions:

• The New York State Energy Research & Development Authority
  (NYSERDA) will launch its next round of offshore wind procurement
  in 2022, which is expected to result in at least 2 gigawatts of new
  projects;




• New York state agencies will conduct a New York State Cable
  Corridor Study to initiate planning on how to deliver at least 6
  gigawatts of offshore wind energy directly into New York City. The
  study will, among other things, identify offshore wind cable
  corridors and analyze key points of interconnection to the grid;
  and




• NYSERDA will initiate a new master plan, building on New
  York’s current Offshore Wind Master Plan. The new master plan
  will analyze, among other things, deep-water offshore wind
  development, which may rely on floating technology.

Also on the horizon for New York, the Bureau of Ocean Energy
Management (BOEM) is expected to issue the Final Sale Notice (FSN)
for the NY Bight lease area in the coming weeks. BOEM will hold the
NY Bight competitive auction at least 45 days after issuance of the
FSN. In addition, the South Fork Wind offshore project, which is
located 19 miles southeast of Block Island, Rhode Island, and 35
miles east of Montauk Point, New York, is slated to begin
construction in early 2022.

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