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NY governor proposes 2.4-GW offshore wind commitment by 2030

Senvion's 6.2M126 turbine. Source: Senvion SE 2014. License: All rights reserved.

January 11 (SeeNews) - New York State governor Andrew Cuomo on Tuesday proposed a commitment to develop up to 2.4 GW of offshore wind power in the Atlantic Ocean by 2030, and expressed his support for two specific projects.

The governor made the proposal at the 2017 State of the State Address on Long Island, saying that it will prove critical to achieving the goal of meeting 50% of New York's electricity needs with renewable sources by 2030. The new pledge will be advanced through the state’s Offshore Wind Master Plan, which will be concluded by the end of the year. All projects as part of the plan should be developed out of view from the coast and in close collaboration with local communities and investors.

Governor Cuomo also urged the Long Island Power Authority (LIPA) to give the green light to a 90-MW offshore wind project about 30 miles (48.3 km) southeast of Montauk. He said that this scheme would be the first step toward developing an area that can host up to 1 GW of offshore wind capacity. LIPA has indicated that it is nearing completion of contract negotiations and that the project will be voted on at a meeting later this month, according to the announcement.

At the same time, Cuomo called on state agencies to ensure a 79,000-acre (31,970 ha) lease area off of the Rockaway Peninsula capable of siting about 800 MW of wind farms is developed cost-effectively and responsibly to customers. Last month, a local unit of Norway’s Statoil ASA (NYSE:STO) won an auction for the wind lease with a record-smashing bid of USD 42.47 million (EUR 40.2m).

Also on Tuesday, the governor directed the New York State Department of Environmental Conservation (NYSDEC) and the New York State Energy Research and Development Authority (NYSERDA) to conduct a comprehensive study aimed at determining the fastest and most cost-effective pathway to reaching 100% renewable energy statewide.

(USD 1.0 = EUR 0.947)

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Ivan is the mergers and acquisitions expert in SeeNews Renewables with a passion for big deals and ambitious capacity plans.

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