The sale of leases for wind farms off New York brings in more than $4 billion

The Biden administration has set a goal to develop 30,000 megawatts of offshore wind power across the country by 2030. A report cited by ...


The Biden administration has set a goal to develop 30,000 megawatts of offshore wind power across the country by 2030. A report cited by the administration found that investment from the booming offshore wind industry will reach $109 billion over the next ten years.

Heather Zichal, chief executive of the American Clean Power Association, which represents wind, solar, storage and transmission companies, said the sale of the lease “has upended our expectations” and heralded a new era of demand for energy. clean energy.

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

The Bureau of Ocean Energy Management, a branch of the Department of the Interior that oversees offshore activities, 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 “shared visionto strengthen the domestic offshore wind energy supply chain in the region.

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

Timothy Fox, vice president and analyst at Clearview Energy Partners, a Washington-based research firm, said he thinks state policies have spurred investment as much as federal initiatives. He noted that New York and New Jersey have ambitious goals for offshore wind deployment – 9,000 megawatts and 7,500 megawatts, respectively, by 2035.

At the same time, he and others noted, the fishing industry argued that wind farms would conflict with major commercial fishing grounds for scallops, clams and other seafood.

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Newsrust - US Top News: The sale of leases for wind farms off New York brings in more than $4 billion
The sale of leases for wind farms off New York brings in more than $4 billion
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