The New York Public Service Commission (PSC) has allowed the New York Energy Research and Development Authority (NYSERDA) to launch a new tender for at least 1 GW and up to 2.5 GW of offshore wind capacity. The tender should be issued in July 2020.
In January 2019, the governor of New York announced a new offshore wind capacity target of 9 GW for 2035, which is a nearly fourfold increase compared with the previous target of 2.4 GW by 2030. The additions in offshore wind capacity are essential in order to achieve its renewable electricity target of 70% by 2030, up from the previous target of 50%. The state committed to 6 GW of solar capacity (up from 3 GW) and to double its onshore wind capacity by 2025. In December 2019, the state had also committed itself to move to 100% carbon-free electricity by 2040, shortly after the notice of a new policy setting an electricity storage objective of 3 GW by 2030 with an interim goal of 1.5 GW by 2025.
Do you want to become an expert on renewable energies auctions?
Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.
With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.
Energy and Climate Databases
Market Analysis