The US state of New York has selected three offshore wind farms with an overall capacity of 4G in the latest offshore wind solicitation.
The latest contract awards are part of the state’s aim to generate 70% of its electricity from renewable resources.
The offshore wind solicitation is part of conditional awards for 22 other land-based renewable energy projects totalling 6.4GW, or 19 million MWh annually.
The energy will meet the demands of 2.6 million homes in New York and account for 12% of the state’s electricity needs.
The three offshore wind farms are the 1.4GW Attentive Energy One, the 1.3GW Community Offshore Wind and the 1.3GW Excelsior Wind.
They will be developed with an estimated investment of more than $15bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
With a lifespan of more than 25 years, the projects can help to displace seven million metric tonnes of CO₂ annually.
TotalEnergies, Rise Light & Power and Corio Generation are the companies behind Attentive Energy One, which will be located 86.9km offshore New York.
TotalEnergies has recently sold a minority stake in the Attentive Energy wind project to Rise and Corio.
The consortium of TotalEnergies, Rise and Corio has also won a 25-year provisional contract to supply clean energy from the offshore project.
The three companies hold 40%, 35% and 25% stakes in the project respectively.
German utility RWE and National Grid Ventures is developing the community offshore wind. RWE anticipates investing up to $3.3bn in the project, which will supply 500,000 homes.
It will be developed as the first of multiple phases and will be located within RWE’s 3.2GW seabed lease in the New York Bight, won in a federal auction in 2022 by the Bureau of Ocean Energy Management.
Excelsior Wind is owned and being developed by the Copenhagen Infrastructure Partners managed fund, Copenhagen Infrastructure IV. It will be located within the lease area of OCS-A 544 in the New York Bight.
New York’s Governor Kathy Hochul stated: “New York continues to set the pace for our nation’s transition to clean energy. An investment of this magnitude is about more than just fighting climate change – we’re creating good-paying union jobs, improving the reliability of our electric grid, and generating significant benefits in disadvantaged communities.
“Today, we are taking action to keep New York’s climate goals within reach, demonstrating to the nation how to recalibrate in the wake of global economic challenges while driving us toward a greener and more prosperous future for generations to come.”