$500 Million Investment in Offshore Wind
$500 Million Investment in Offshore Wind
Governor Kathy Hochul announced a plan to strengthen New York's renewable energy leadership and make a nation-leading $500 million investment in offshore wind. This plan will directly invest in offshore wind manufacturing and supply chain infrastructure, create thousands of good-paying green jobs, deliver billions in economic impact, and generate enough energy to power millions of homes.
Governor Hochul's offshore wind plan will build on more than 6,800 direct high-paying jobs, a combined economic impact of $12.1 billion statewide, and more than 4.3 gigawatts of energy, which is enough to power nearly 3 million New York homes, representing half of New York's 2035 goal. To cement New York's national leadership in offshore wind energy, Governor Hochul will:
- Invest $500 Million in Critical Offshore Wind Infrastructure
- Procure Enough New Offshore Wind Energy to Power at Least 1.5 Million Homes and Create At Least 2,000 New Jobs
- Initiate Planning for a Future Offshore Wind Transmission Network to Power 4 Million New York City Homes
- Launch the Offshore Wind Master Plan 2.0 Deep Water
Achieve 2 Million Climate-Friendly Homes by 2030
Achieve 2 Million Climate-Friendly Homes by 2030
Governor Kathy Hochul announced a plan to achieve 2 million climate-friendly, electrified or electrification-ready homes by 2030. Governor Hochul also announced proposed legislation to ensure that all new building construction reaches zero-emissions by 2027. This unprecedented commitment to curb building emissions, which cause more than one third of New York's climate pollution, will also ensure that more than 800,000 low-to-moderate income households can secure clean energy upgrades.
Governor Hochul will also direct DPS to ensure that gas utilities minimize investments in costly new gas infrastructure, promote alternatives to minimize gas demand, and engage members of disadvantaged communities fully and fairly in the gas transition.
This commitment is part of the Governor's comprehensive agenda to decarbonize buildings in New York, which also includes bringing green energy solutions to over 1,000 public schools.