Vineyard Submit Proposal to NYSERDA to Develop Excelsior Wind

Source: 1/27/2023, Location: North America

Vineyard Offshore, the project team behind the nation’s first commercial-scale offshore wind project, has submitted a proposal to the New York State Energy Research and Development Authority (NYSERDA) to develop the Excelsior Wind and Liberty Wind projects.

With a total capacity of over 2.6 GW, these projects have the potential to power over 1 million homes in New York City and Long Island with clean, renewable and affordable energy, avoiding carbon emissions of up to 2.3 million metric tons annually.

Leveraging New York’s nation-leading $500 million in public funding for offshore wind supply chain expansion, the proposals offer New York the largest direct investment in offshore wind supply chain infrastructure and manufacturing in the United States to date. Led by the most experienced offshore wind team in North America, Vineyard Offshore has crafted the proposals to ensure the deliverability of the projects and their associated economic benefits cement and sustain New York as a national hub of the offshore wind industry.

“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 projects will be based in lease areas OCS-A 544, located in the New York Bight, and OCS-A 522, located off the coast of Massachusetts. Both lease areas are owned by affiliates of Copenhagen Infrastructure Partners (CIP).

“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 Partner and Head of North America at CIP, Tim Evans. “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.”

Excelsior Wind and Liberty Wind offer more than $15 billion in direct economic benefits that will create or retain over 25,000 good paying full time equivalent (FTE) job years, while targeting a minimum of 35% of the projects’ economic benefits to be realized in disadvantaged communities in alignment with New York’s nation-leading Climate Act. In addition, Vineyard Offshore’s supply chain partnerships will unlock over $1.3 billion in transformative investments in wind turbine blade, nacelle, and cable manufacturing facilities, creating nearly 2,000 construction jobs. Once operational, the facilities will support over 1,000 long-term manufacturing jobs and generate over $500 million in annual economic output in New York.

In addition, the projects will transform existing fossil fuel generation infrastructure in New York City to clear the way for the integration of the projects’ clean power to the New York grid. The projects will also facilitate the deployment of over 700 MW of battery energy storage in New York City and Long Island, representing New York’s largest deployment of battery storage to date and contributing significantly towards Governor Hochul’s nation-leading energy storage target of 6 GW by 2030.

As the first offshore wind developer to sign a project labor agreement (PLA), Vineyard Offshore looks to build on that track record by working with New York’s Union representative organizations to ensure good paying jobs with family sustaining wages and a just transition centered on racial justice and equality.

Vineyard Offshore’s proposals include $90 million dollars in direct investments to support New York’s workforce training initiatives, expand in-state manufacturing, commercial innovation, and supply chain opportunities for small businesses - including Minority and Women-owned Business Enterprises and Service-Disabled Veteran Owned Business Enterprises - and to preserve and protect the state’s critical natural resources, including, totaling over 25 investments across the State of New York.

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