Governor Kathy Hochul has announced New York’s most significant investment in renewable energy to date. The ambitious plan includes three offshore wind projects and 22 land-based renewable energy projects, totalling 6.4 GW of clean energy capacity.
Once operational, these projects will produce 19 million MWh of renewable energy each year, create 8,300 jobs, and stimulate $20 billion in statewide economic development. New York aims to have 70% of its electricity come from renewables by 2030 and nine GW of offshore wind by 2035, aligning with its zero-emission grid goal under the Climate Leadership and Community Protection Act.
This move is the first step in New York’s 10-point Action Plan, which addresses recent challenges in the renewable energy sector. The plan focuses on supporting disadvantaged communities and includes offshore wind projects and significant investments in the supply chain.
- Three offshore wind projects, totalling 4,032 MW, have been selected.
- Projects include innovative approaches like repurposing fossil fuel infrastructure in Queens and grid interconnections in Brooklyn.
- The projects are set to be operational by 2030, with a modest average bill impact.
- New York is investing in 14 new solar projects, six wind repowering projects, one new wind project, and one return-to-service hydroelectric project, totalling 2,410 MW.
- These projects will have minimal bill impacts for customers.
New York’s investment in renewable energy demonstrates a significant commitment to clean energy, job creation, and economic growth, reinforcing the state’s leadership in the transition to a sustainable future.
Source: Renewable Energy Word
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