4C is now TGS

We are excited to announce a significant milestone in 4C Offshore's journey. Our integration into the TGS family marks the beginning of a new era in offshore wind market intelligence.

Learn what this means for you!

Vineyard Offshore proposes Liberty and Excelsior for New York

By: James Bernthal-Hooker 30/01/2023 Vineyard Offshore

General Windfarms

Vineyard Offshore has joined the competition for subsidy in the New York State Energy Research and Development Authority’s (NYSERDA’s) third solicitation. It has submitted plans to develop two wind farms, Excelsior Wind and Liberty Wind.

The solicitation seeks to procure at least 2,000 MW of offshore wind and is administered by NYSERDA. It also includes a nation-leading $500 million investment in offshore wind ports, manufacturing, and supply chain infrastructure. NYSERDA has set an award notification date of the present quarter, with contracts to be executed in Q2 2023.

In Vineyard Offshore’s vision, the projects will be used to transform fossil fuel facilities in New York City, ready for integrating the projects’ clean power to the grid. In addition, they are expected to make use of over 700 MW of battery energy storage in New York City and Long Island. That is a contribution towards the state’s energy storage target of 6 GW by 2030.

“With these proposals, we’ve committed to the most comprehensive supply chain initiative we have ever made, with benefits and investments that run from Albany to Long Island and everywhere in between,” said Vineyard Offshore CEO Lars T. Pedersen. “As leaders in the development of the nation’s first large-scale offshore wind project, we’re bringing that experience together with partners who know how to deliver complex projects. I am very proud of our wide-ranging initiatives to engage important stakeholders so that local communities benefit from the projects as we build a new industry in New York State.”

The proposals include what Vineyard Offshore calls “the largest direct investment in offshore wind supply chain infrastructure and manufacturing in the United States to date.” Combined, the two projects are said to offer over $15 billion in direct economic benefits, and the developer is targeting at least 35% of the projects’ economic benefits to be realized in disadvantaged communities. Once operational, the wind farm could generate over $500 million in annual economic output for New York.

“We’re proud of Liberty Wind and Excelsior Wind because they offer a massive opportunity for New York, in terms of both the thousands of jobs and the billions in investment associated with their development,” said Tim Evans, Partner and Head of North America at CIP, the half of the Vineyard Offshore partnership that owns the relevant lease areas. “But more importantly, we also believe these projects embody the ideals outlined in the state’s climate and environmental justice goals and if selected will undoubtedly help New York turn these objectives into reality.”

Vineyard Offshore is developing Vineyard Wind 1, the 804 MW wind farm currently under construction off Massachusetts. Once operational, it will be the United States’ first commercial scale offshore wind farm in federal waters.

Last week, several other big players announced their participation in NYSERDA’s call. These include Ørsted and Eversource, Equinor and bp, and RWE and National Grid.

Since 2018, NYSERDA has secured circa 4.3 GW of offshore wind energy. New York has set a high offshore wind goal, seeking to have 9,000 MW installed by 2035, and this goal may be increased as the state has already procured around half that capacity.

For more information on offshore wind farms worldwide, click here.

Premium

4C Offshore Premium, our most popular subscription, gives you full access to use the 4C Offshore WebApp which includes exclusive offshore wind, transmission and vessel reports, news and downloads.

Request a 30 minute Demo

Vineyard Offshore proposes Liberty and Excelsior for New York

Back to News

Trending News!