- Press Releases
September 24 (Renewables Now) - New York City is committing to invest USD 191 million (EUR 163m) over 15 years to become an offshore wind leader.
The long-term Offshore Wind Vision plan was announced on Thursday by New York City mayor Bill de Blasio and New York City Economic Development Corporation (NYCEDC). Under it, the City aims to develop sites and infrastructure that will support the construction and operation of 12 GW of offshore wind, leveraging its location close to planned offshore wind lease areas on the East Coast.
The city will also invest in preparing workers and businesses to take advantage of offshore wind opportunities. Forty percent of job and investment benefits should go to women, minorities and environmental justice communities.
The plan’s third core strategy will focus on research and innovation so that New York City can become a source of new technologies. NYCEDC will work with the offshore wind industry and partners to launch an accelerator for New York-based start-ups.
“Offshore wind power can create a windfall for New York City’s economy, and put us on a path to meet our climate goals. We have the infrastructure in place to create wind manufacturing hubs right here in Brooklyn, such as South Brooklyn Marine Terminal, the Brooklyn Navy Yard, and the Red Hook Container Terminal,” said Brooklyn Borough president Eric Adams.
The South Brooklyn Marine Terminal in Sunset Park, Brooklyn, will become an offshore wind port to be operated by Equinor, developer of the Empire Wind Project.
The Offshore Wind Vision supports the city’s climate objectives of 100% clean electricity by 2040 and carbon neutrality by 2050. It is expected to help the city create more than 13,000 jobs and generate USD 1.3 billion in average annual investment.
(USD 1 = EUR 0.854)