Offshore Wind Project Contracts Finalized

October 29th, 2019

The New York State Energy Research and Development Authority (NYSERDA) has finalized contracts with Equinor Wind US LLC for its 816 megawatt Empire Wind Project and Sunrise Wind LLC for its 880 megawatt Sunrise Wind Project. NYSERDA also concurrently submitted its comprehensive filing, “Launching New York’s Offshore Wind Industry: Phase 1 Report,” to the New York State Department of Public Service. Some of the main findings in the report include the following:

New York’s first procurement for offshore wind generated significant response ultimately receiving 18 different proposals from four developers.

Average bill impact for residential customers will be under $1 per month.

Claims $700 million in savings by avoiding adverse health impacts associated with asthma and respiratory and cardiovascular diseases.

The project will produce $3.2 billion in combined economic impacts to New York, more than $85 million investments in long-term port facilities and cutting-edge technologies and are expected to deliver over 1,600 direct new jobs in project development, component manufacturing, installation, and operations and maintenance.

Alicia Barton, President and CEO, NYSERDA said:

“By every measure, New York’s first offshore wind procurement was a resounding success and the execution of contracts today signifies a major milestone in our nation-leading pursuit to deliver clean, locally-produced power to millions of New York homes and businesses. These projects, which represent the largest ever renewable energy procurement made by a state in U.S. history, will deliver tremendous economic benefits and provide jobs to thousands of New Yorkers.”