Nyserda will “in the near future” announce “a historic suite of awards comprised of offshore and onshore renewable energy projects, along with major supply chain investments”. The agency said these awards will mark “one of the largest-ever renewable energy procurements by any state to date”.
The agency will address the directives issued in the October 2023 PSC order and will “assess the impacts on its large-scale renewables contracted portfolio in an expedited manner”.
Nyserda will further launch an “accelerated renewable energy procurement process for both offshore and onshore renewable energy projects, aiming to backfill any contracted projects which are terminated”. The process will prioritise competition, simplify bid requirements, incorporate inflation indexing, apply critical labour protections and collaborate with industry to “optimise the accelerated procurement timing, all while coordinating with ongoing transmission planning initiatives”.
New York will continue to “actively engage with the Federal government to bring forward market solutions, from establishing a memorandum of understanding with the US Department of Energy Loan Programs Office to access low-cost financing for large-scale renewable projects, to advocating for updated guidance on clean energy tax credits and a Federal-State revenue-sharing programme”.
Hochul cites New York “investing in, and actively planning, a historic buildout of transmission infrastructure across the state including $4.4bn in 62 local transmission projects to support clean energy integration in upstate areas; $4.1bn in transmission upgrades to integrate offshore wind and increase reliability for Long Island and New York City".
New York touted its support for establishing and growing a “supply chain ecosystem to help the market scale, gain efficiencies, and reduce costs”.
The state is likewise “committed to building and expanding its clean energy workforce”.
“New York launched the Offshore Wind Master Plan 2.0 in 2022, which will provide a plan for the future of offshore wind development, including in deeper waters, that will allow for the expansion of the industry and ability to meet regional development targets.”
New York is actively engaging with industry stakeholders and will “increase such outreach following the PSC order through roundtable discussions to receive input in shaping our clean energy strategy”.
The state reaffirmed its commitment to “fostering public engagement, transparency, and collaboration, recognising the importance of involving various stakeholders in shaping our clean energy initiatives”.

New York spells out plans to 'backfill' axed offshore wind with new green power round