New York Awards Contracts for Three Offshore Wind Projects
- State supplying $300 million for two blade, nacelle factories
- Regulators rejected other developers’ bid to renegotiate deals
New York is aiming to have 9 gigawatts of offshore wind power in service by 2035.
Photographer: Stephane Mahe/AFP/Getty ImagesThis article is for subscribers only.
New York has selected three offshore wind farms to negotiate power contracts with the state as the industry faces increasing challenges from rising costs.
The contracts are part of a sweeping set of awards that also include 22 onshore renewable energy projects and will lead to the installation of as much as 6.4 gigawatts of clean energy, according to a statement Tuesday. That’s expected to be enough to power 2.6 million homes.