Funds managed by Apollo Global Management reached agreement for the exclusive right to invest in the Arthur Kill Terminal, a purpose-built offshore wind staging and assembly port under development in the Borough of Staten Island

New York-based Atlantic Offshore Terminals (AOT) will lead development and anticipates operation will begin in late 2025.

“Successful development of Arthur Kill Terminal will ensure there is sufficient staging port capacity to build New York’s target of at least 9,000MW of offshore wind by 2035, as well as support the use of jack-up vessels, floating foundations and other emerging offshore wind technologies on the east coast,” said AOT President Boone Davis.