America’s Largest-Ever Investment in Renewable Energy is Moving Forward in New York
Governor Kathy Hochul today 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 totaling 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. Today’s 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.