Crain’s: New York eyes joining with nearby states to regionally plan offshore wind projects
January 25, 2024 The article discusses New York State’s consideration of a regional procurement strategy for offshore wind projects in collaboration with New Jersey and potentially other nearby states. This approach aims to lower development costs for offshore wind energy and facilitate shared investments in port, manufacturing, and supply chain resources. Inspired by a similar initiative among New England states, this cooperative effort seeks to address the financial challenges currently facing the offshore wind industry, such as inflation, rising interest rates, and supply chain difficulties. New York State Energy Research and Development Authority (NYSERDA) President Doreen Harris emphasized the importance of collaboration over competition among states to successfully advance the offshore wind sector. This regional strategy represents a concerted effort to bolster the renewable energy industry on the East Coast, particularly as New York undergoes its fourth offshore wind procurement process.