New York offshore wind farm rental sales raise more than $4 billion

The Biden administration has set a target of developing 30,000 megawatts of offshore wind energy nationwide by 2030. A report cited by the administration shows that investment in the burgeoning offshore wind industry will be worth 109 billion USD in the next 10 years.

Heather Zichal, chief executive officer of the Clean Electric Association of America, which represents wind, solar, storage and transmission companies, said the rental sale had “blows out their expectations.” me” and heralds a new era of clean energy demand.

“This is a huge step forward for the United States in terms of building a new industry, the domestic manufacturing opportunities that come with it, and another market signal in favor of energy independence,” she said. USA”.

The Ocean Energy Administration, a branch of the Department of the Interior that oversees offshore activity, designated the New York Bight as a “priority offshore wind area” in March 2021. Last month, Secretary Haaland and the governors of New York and New Jersey issued a “common vision“To strengthen the domestic offshore wind energy supply chain in the region.

Over the past year, the Biden administration has also Final approval for the nation’s first commercial-scale offshore wind farm off Martha’s Vineyard, Mass., and said it would open California’s coast to wind farms. The Ocean Energy Administration is also expected to review 16 plans to build and operate commercial offshore wind facilities by 2025, which the agency says will represent more than 22 gigawatts of energy. clean.

Timothy Fox, vice president and analyst at Clearview Energy Partners, a Washington-based research firm, said he believes the state’s policies have boosted investment on par with U.S. initiatives. federal. He noted that New York and New Jersey have ambitious targets for offshore wind deployment – 9,000 megawatts and 7,500 megawatts by 2035, respectively.

At the same time, he and others note, the fishing industry has argued that wind farms would conflict with major commercial fishing areas for scallops, mussels and other seafood. New York offshore wind farm rental sales raise more than $4 billion

Fry Electronics Team

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