New York's Governor Hochul Pushes Forward with Historic Renewable Energy Investment

Governor Kathy Hochul has announced the largest state investment in renewable energy in US history, with three offshore wind and 22 land-based renewable energy projects totaling 6.4 gigawatts. These projects will power 2.6 million New York homes and deliver approximately 12% of the state's electricity needs by 2030. The investment is expected to create around 8,300 jobs and bring $20 billion in economic development investments statewide. It also supports New York's goal of obtaining 70% of its electricity from renewable sources by 2030. The offshore wind projects will include the nation's first offshore wind blade and nacelle manufacturing facilities, with the state committing $300 million and attracting an additional $668 million in private funding.