New York state lawmakers on Thursday approved an ambitious climate bill that demands 100% clean energy in its power sector by 2040, with 70% from renewables by 2030, and codifies into law procurement of 9GW of offshore wind energy by 2035, 6GW of distributed solar by 2025 and 3GW of energy storage by 2030.

The offshore wind element of the bill gives the emerging US industry much-needed horizon and scale to arrange project financing and develop a supply chain.