New York state will open up a new offshore wind solicitation on Nov. 30 as developers grapple with financial issues in existing projects. The plan allows for bidders that already have contracts as well as new contenders. Those with contracts in New York could re-offer their projects at higher prices.
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“For New York to continue to be a climate leader, we must be proactive in addressing the near-term challenges affecting the clean energy industry,” Gov. Kathy Hochul said in a statement.
The governor’s statement emphasized that the solicitation aligns with New York’s commitment to the Climate Leadership and Community Protection Act goals, aiming to source 70% of electricity from renewables by 2030 and 9,000 megawatts of offshore wind power by 2035.
This expedited solicitation is part of Hochul’s 10-point plan, which aims to expand New York’s renewable energy industry.
The offshore wind industry has witnessed a turbulent period in recent months. Orsted, which has projects in New York, canceled two others in New Jersey, citing financial challenges. In recent days, the Danish energy company announced that its finance and operations chiefs would be stepping down.
SHANNON LONGWORTH:
OFFSHORE WIND DEVELOPERS ARE STRUGGLING TO AFFORD THE PROJECTS THEY’RE ALREADY COMMITTED TO.
BUT THOSE WITH CONTRACTS IN NEW YORK ARE GETTING A CHANCE TO RESUBMIT THEIR OFFERS AT HIGHER PRICES.
NEW YORK STATE IS OPENING UP A NEW OFFSHORE WIND SOLICITATION–OR, AUCTION–ON NOVEMBER 30TH.
IN A STATEMENT, GOVERNOR KATHY HOCHUL SAID: “FOR NEW YORK TO CONTINUE TO BE A CLIMATE LEADER, WE MUST BE PROACTIVE IN ADDRESSING THE NEAR-TERM CHALLENGES AFFECTING THE CLEAN ENERGY INDUSTRY.”
THE STATE’S CLIMATE ACT GOALS INCLUDE SOURCING 70% OF ITS ELECTRICITY FROM RENEWABLES BY 2030 AND PRODUCING 9,000 MEGAWATTS OF OFFSHORE WIND POWER BY 2035.
GOVERNOR HOCHUL’S PLAN ALLOWS FOR STRUGGLING PROJECTS SEEKING FINANCIAL RELIEF TO PARTICIPATE ALONGSIDE NEW CONTENDERS.
THIS EXPEDITED SOLICITATION IS PART OF GOVERNOR HOCHUL’S COMPREHENSIVE 10-POINT ACTION PLAN, UNVEILED LAST MONTH, AIMED AT FORTIFYING NEW YORK’S RENEWABLES INDUSTRY AMID FINANCIAL CHALLENGES.
IT’S BEEN A TUMULTUOUS FEW MONTHS IN THIS INDUSTRY.
ORSTED, WHICH HAS PROJECTS IN NEW YORK,
CANCELED TWO IN NEW JERSEY EARLIER THIS MONTH, CITING FINANCIAL CHALLENGES. DAYS AGO, THE DANISH ENERGY COMPANY ANNOUNCED THAT ITS FINANCE AND OPERATIONS CHIEFS WOULD BE STEPPING DOWN.
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