ALBANY, NY – New York State Public Service Commission has set a course for the utilization of offshore wind providing a large portion of NYS energy. Over 800 megawatts of offshore wind is expected to be generated by 2019 and 2,400 megawatts operational by 2030. The PSC expects to achieve 50 percent of its electricity from renewables by 2030.
“This action represents another major step toward establishing a clean energy future that is secure, reliable and cost-effective,” Governor Cuomo said. “Robust offshore wind development is not only critical to meeting our clean energy and carbon reduction goals, this investment has the potential to create thousands of jobs and fuel a $6 billion industry for New York as it combats climate change.”
Offshore wind costs have declined significantly in Europe and elsewhere around the world. As the industry develops, New York is positioned to capitalize on the growing economic opportunity in this emerging field. Reliable research indicates New York can attract a $6 billion industry that will support nearly 5,000 new jobs in manufacturing, installation and operation of offshore wind facilities by 2019 with numbers growing rapidly.