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.
“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.
