New York is on track to become a centerpiece for the nations offshore wind industry after President Joe Biden announced last week that the waters off the coast of Long Island and New Jerseythe New York Bightwould be a designated wind energy area.
The presidents commitment, in which the federal Bureau of Ocean Energy Management (BOEM) sets aside more areas of the ocean to lease for offshore wind development, effectively makes it possible for New York to achieve its climate action goals, which the state codified two years ago in landmark legislation. By 2035, the state aims to produce 9 gigawatts of offshore wind energy under its Climate Leadership and Community Protection Act.
The New York State Energy Research & Development Authoritys acting president Doreen Harris said the magnitude of the opportunity gets lost in the jargon used. The 9 gigawatt (or 9,000 megawatts) requirement in New York amounts to keeping the lights on for 6 million homes, or 30% of New Yorks electricity.
What that represents is a wholesale changenot only in our energy system in the electrons that are serving you and me in our homes, but the broader opportunity that it represents from an economic development perspective, Harris said.
The president's plan cites an August 2020 study from the energy consulting firm Wood Mackenzie, which pushes the New York Bights potential to 11.5 gigawatts, 25,000 development and construction jobs between 2022 and 2030, and thousands of other jobs in operations and maintenance.
BOEM will also start reviewing the environmental impacts of New Jerseys first offshore wind project, Ocean Wind, a critical launching point. New Jersey has pledged to install 7.5 gigawatts of offshore wind by 2035.
The only operating offshore wind farms in the U.S. are a 0.03-gigawatt plant with five turbines called Block Island, off the coast of Rhode Island, and a two-turbine operation off Virginias coastline.
Before Bidens announcement, New York already had about 4.3 gigawatts of offshore wind energy in the worksspread across five different projects that havent begun construction but for which the state has awarded contracts. Among those includes a recent deal with the energy giant Equinor that would result in hundreds of jobs at ports around the state, including in Brooklyn. But Bidens announcement ensures more leasing areas would be available for offshore wind activities.
That wind energy area is the key component of it, said Joe Martens, the director of the New York Offshore Wind Alliance and former commissioner of the state environmental conservation department. We just dont get there without new lease areas available, so thats the connection.
Prior to Bidens announcement, monthly electricity bills were projected to rise just 81 cents, or 1.1%, under the states original plan for offshore wind projects for 2021 and beyond. Thats according to a cost analysis conducted by NYSERDA in June 2020. Those numbers might rise slightly given estimates from the states leadoff solicitation process for the first two offshore wind projects under NYSERDA predict a 73-cent increase, but the costs of making clean energy are also expected to fall over time. The prices related to Januarys deal with Equinor havent been published yet.
Its not clear how Bidens scale-up could impact New Yorks electricity costs, due to the many variables that go into leasing new sections of the New York Bight, a NYSERDA spokesperson said. But they added the agency is pleased with the momentum and scale of the new lease sale and is confident it will buoy this industry.
Those marginal costs will also be largely offset by the reduced health impacts created by decarbonizing the East Coasts energy system. About $700 million in health costs, specifically from hospitalization or premature deaths due to asthma and respiratory or heart disease, would be avoided from NYSERDAs first two projects. The net benefits from reduced carbon emissions due to offshore wind through 2030 amount to $4 billion under an analysis of how to achieve the states 2019 climate act, which requires New Yorks energy pool to be 70% renewable by 2030. That rises to $9.6 billion over the lifetime of the projects under the 2035 goals.
Offshore wind is a huge slice of the electricity we need to generate to meet those goals, Martens added. Biden campaigned on a pledge to reach 100% renewable electricity by 2035, but Congress has not made it law. House Democrats have introduced legislation to mandate it.
Costs in the offshore wind industry are dropping, too. New Yorks first two offshore wind projects yielded energy certificates that utility companies buy from NYSERDA to source electricity from renewable sources. Those certificates were nearly 40% less expensive in 2019 than predicted a year prior.
That was a huge game-changer for us, Harris said.
Offshore wind cost reductions in Europe are also encouraging the prospects for the industry here. The offshore wind industry is booming in Europe, and were benefitting a lot from the cost reductions that have been seen from that scale, and now were reproducing that scale here in the U.S., Harris said.
The White House also announced that $8 million would go towards 15 new research projects, funded by NYSERDA and the federal Department of Energy under the National Offshore Wind Research & Development Consortium. Those efforts will study supply chains, structures and wildlife. Three projects are in New York.
Bidens announcement represents a new commitment and a signal that governors in the Northeast have a partner in Washington D.C. to get it done, Martens said. Governor Andrew Cuomo said in a statement that Biden was removing the barriers put in place under former President Donald Trump, who had stalled offshore wind projects and, before becoming president, fought a wind farm planned for a site near his luxury golf course in Scotland, claiming it would be an eyesore.
Other critics worry about the construction along the shorelines. As The Guardian has reported, wealthy property owners in the Hamptons want to halt offshore wind development due to an underground cable that would be required to deliver electricity from windmills to the grid. The cable would run through beaches and beneath streets in a wealthy enclave of Long Island, which opponents claim will erode the beach and cause noise and fumes.
A coalition of fishing industry groups, the Responsible Offshore Development Alliance, also questions the rapid development of wind energy and its impacts on scallops, squid and other marine life. The group accused the Biden administration of ignoring the fishing industry in the process.
Offshore wind energy development poses an enormous risk to the marine environment and sustainable U.S. seafood production, a statement from the group reads. The Biden Administrations disappointing fervor over its advancement continues an ineffective approach toward addressing climate change begun by previous administrations without demonstrating any willingness to include fisheries, ecosystem science, or our coastal communities in climate solutions.
But, environmental groups like the Sierra Club and the National Audubon Society support wind energy, though they emphasize wind farms should be sited and planned to avoid harming birds and bats. Shay OReilly, a New York City-based organizer with the Sierra Club, added that offshore wind development is an opportunity to build out a new manufacturing industry.
These are very, very large turbines with a lot of parts, and you're going to need a local supply chain, OReilly said. He added that a major threat to the fishing industries is climate change itselfwhich is heating oceans and sapping their oxygen.
We also really need to address climate change if were gonna have any fish left at all in our ocean, OReilly said.
Read more:
- Offshore Company Registration and Bank Accounts for ... [Last Updated On: June 12th, 2016] [Originally Added On: June 12th, 2016]
- Introduction to Offshore Incorporation [Last Updated On: June 12th, 2016] [Originally Added On: June 12th, 2016]
- Offshore Magazine: Oil and Gas News Covering Oil ... [Last Updated On: June 12th, 2016] [Originally Added On: June 12th, 2016]
- How Offshore Drilling Works | HowStuffWorks [Last Updated On: June 14th, 2016] [Originally Added On: June 14th, 2016]
- Windpower Offshore - Offshore wind power projects & companies [Last Updated On: June 14th, 2016] [Originally Added On: June 14th, 2016]
- RC Boats by Offshore Electrics [Last Updated On: June 14th, 2016] [Originally Added On: June 14th, 2016]
- Jobs | Offshore JOBS - RIGZONE | Rigzone [Last Updated On: June 14th, 2016] [Originally Added On: June 14th, 2016]
- FE Trustnet Offshore: Offshore Top Mutual Funds | Offshore ... [Last Updated On: June 16th, 2016] [Originally Added On: June 16th, 2016]
- ICIJ Offshore Leaks Database [Last Updated On: June 16th, 2016] [Originally Added On: June 16th, 2016]
- Oil Offshore Marine - Oil and Gas Industry Jobs UK, Marine ... [Last Updated On: June 19th, 2016] [Originally Added On: June 19th, 2016]
- Offshore | Definition of Offshore by Merriam-Webster [Last Updated On: June 21st, 2016] [Originally Added On: June 21st, 2016]
- Offshore Wind Power - National Wildlife Federation [Last Updated On: June 25th, 2016] [Originally Added On: June 25th, 2016]
- Offshore Marine Contractors, Inc. - Offshore Lift Boats ... [Last Updated On: June 25th, 2016] [Originally Added On: June 25th, 2016]
- Offshore Theater | Free HD Surf Cameras California Hawaii [Last Updated On: June 25th, 2016] [Originally Added On: June 25th, 2016]
- Offshore Wikipdia [Last Updated On: June 25th, 2016] [Originally Added On: June 25th, 2016]
- Panama Offshore Legal Services | POLS - Attorneys [Last Updated On: June 29th, 2016] [Originally Added On: June 29th, 2016]
- Offshore Company Formation, Banking, Trusts and Asset ... [Last Updated On: June 29th, 2016] [Originally Added On: June 29th, 2016]
- Offshore drilling - Wikipedia, the free encyclopedia [Last Updated On: July 3rd, 2016] [Originally Added On: July 3rd, 2016]
- NWS Offshore Marine Forecasts by Zone [Last Updated On: July 14th, 2016] [Originally Added On: July 14th, 2016]
- Offshore Jobs | Offshore Jobs | Find yourself an Offshore ... [Last Updated On: July 14th, 2016] [Originally Added On: July 14th, 2016]
- Houston Offshore Engineering - Marine Engineering, Naval ... [Last Updated On: July 14th, 2016] [Originally Added On: July 14th, 2016]
- Offshore | TradeWinds [Last Updated On: July 14th, 2016] [Originally Added On: July 14th, 2016]
- Offshore | United States Sailing Association [Last Updated On: July 16th, 2016] [Originally Added On: July 16th, 2016]
- Offshore Jobs | $69,999+ Pay Possible | #1 Trusted ... [Last Updated On: July 16th, 2016] [Originally Added On: July 16th, 2016]
- Offshore Drilling and Exploration - The New York Times [Last Updated On: July 16th, 2016] [Originally Added On: July 16th, 2016]
- TDV Offshore [Last Updated On: July 23rd, 2016] [Originally Added On: July 23rd, 2016]
- Offshore Work - Employment Spot [Last Updated On: July 23rd, 2016] [Originally Added On: July 23rd, 2016]
- Offshore Companies | Offshore Banking - OffshoreSimple.com [Last Updated On: August 12th, 2016] [Originally Added On: August 12th, 2016]
- Offshore boats for sale - BoatTrader.com [Last Updated On: August 12th, 2016] [Originally Added On: August 12th, 2016]
- Key West Deep Sea Fishing | Offshore Fishing Charters and ... [Last Updated On: August 12th, 2016] [Originally Added On: August 12th, 2016]
- The Offshore Group Jobs [Last Updated On: August 12th, 2016] [Originally Added On: August 12th, 2016]
- UK offshore becoming safer, report finds - Offshore [Last Updated On: August 12th, 2016] [Originally Added On: August 12th, 2016]
- Latest Offshore Oil and Gas Industry News - Offshore ... [Last Updated On: August 12th, 2016] [Originally Added On: August 12th, 2016]
- Exmar Offshore [Last Updated On: August 12th, 2016] [Originally Added On: August 12th, 2016]
- Offshore Wind Energy | BOEM [Last Updated On: August 12th, 2016] [Originally Added On: August 12th, 2016]
- Island Offshore - HOME [Last Updated On: August 19th, 2016] [Originally Added On: August 19th, 2016]
- Offshore JOBS - RIGZONE [Last Updated On: August 21st, 2016] [Originally Added On: August 21st, 2016]
- Offshore | World Oil Online [Last Updated On: August 23rd, 2016] [Originally Added On: August 23rd, 2016]
- Used Offshore Yachts for Sale - Offshore Yachts MLS [Last Updated On: August 23rd, 2016] [Originally Added On: August 23rd, 2016]
- Offshoring - Wikipedia, the free encyclopedia [Last Updated On: August 23rd, 2016] [Originally Added On: August 23rd, 2016]
- Offshore Fishing Charters in Florida [Last Updated On: August 25th, 2016] [Originally Added On: August 25th, 2016]
- Offshore Company Formation, Incorporation & Bank Accounts [Last Updated On: August 25th, 2016] [Originally Added On: August 25th, 2016]
- Offshore Definition | Investopedia [Last Updated On: September 11th, 2016] [Originally Added On: September 11th, 2016]
- Home | Discover Oil & Gas | Rigzone [Last Updated On: October 23rd, 2016] [Originally Added On: October 23rd, 2016]
- Offshore Bag - Bad Ass Work Bags [Last Updated On: November 6th, 2016] [Originally Added On: November 6th, 2016]
- API | Offshore [Last Updated On: November 6th, 2016] [Originally Added On: November 6th, 2016]
- Offshore company - Wikipedia [Last Updated On: November 12th, 2016] [Originally Added On: November 12th, 2016]
- Offshore - Wikipedia [Last Updated On: November 23rd, 2016] [Originally Added On: November 23rd, 2016]
- EscapeArtist - Live, Work, Travel, Retire & Invest Overseas [Last Updated On: December 15th, 2016] [Originally Added On: December 15th, 2016]
- Offshore installation manager - Wikipedia [Last Updated On: December 25th, 2016] [Originally Added On: December 25th, 2016]
- Offshore drilling - Wikipedia [Last Updated On: January 8th, 2017] [Originally Added On: January 8th, 2017]
- Offshore Energy 17 [Last Updated On: January 11th, 2017] [Originally Added On: January 11th, 2017]
- Welcome to Siem Offshore: Siem Offshore AS [Last Updated On: January 19th, 2017] [Originally Added On: January 19th, 2017]
- Offshore - novenco-marine.com.php56serv2.webhosting.dk [Last Updated On: February 3rd, 2017] [Originally Added On: February 3rd, 2017]
- First offshore installation work completed on Johan Sverdrup - Oilfield Technology [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Hornbeck Offshore Services (HOS) Given Average Rating of Hold by Brokerages - Sports Perspectives [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Offshore Work Begins on Relocating US Base on Okinawa - ABC News [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- China's Market News: Offshore Yuan at Cross Roads Amid Widened Spread - DailyFX [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Diamond Offshore sees recovery when oil 'well over $60' - Reuters [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Japan begins offshore construction work on moving US base in Okinawa - RT [Last Updated On: February 6th, 2017] [Originally Added On: February 6th, 2017]
- Further decline in North Sea offshore supply work - BBC News [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Offshore Drillers See Gains, But Recovery Afar - E&P [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Shell Aims To Sell Stake In Danish Offshore Oil, Gas Venture - OilPrice.com [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Offshore Profits and US Exports - Council on Foreign Relations (blog) [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Offshore Drillers Are Still Seeking Recovery Enjoyed by Shale - Bloomberg [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Offshore Wind Moves Into Energy's Mainstream - New York Times [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Diamond Offshore Surprises Everyone With a Fourth Quarter ... - Motley Fool [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Trump's Plan to Tap Offshore Profit for Infrastructure Gains an Ally ... - Bloomberg [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Dems: Don't repeal offshore tax rules | TheHill - The Hill [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Wind Overtakes Coal Power in Europe as Turbines Head Offshore - Bloomberg [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Tullow finds 'live' oil offshore Jamaica - Jamaica Gleaner [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- ORC and IRC unite offshore racing fleets for 2018 World ... - International Sailing Federation [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Shares of Seadrill Went in the Exact Opposite Direction of Other Offshore Drillers in January - Motley Fool [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Coalition urged to charge 10% royalty on offshore oil and gas projects - The Guardian [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- After selling off all oilsands assets, Statoil looks to Newfoundland offshore - Calgary Herald [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Israel Puts Off License Award In First Offshore Oil, Gas Bid Round - OilPrice.com [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Cost Impact of Immigration and Visa Reform to US Customers Using Offshore Services - Forbes [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- These Offshore Drilling Stocks Are Up Big as Earnings Season Starts - Fox Business [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Oil and Gas Stock Roundup: The Outlook for Offshore Drilling Continues to Dim - Fox Business [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Offshore crew eyes weather gains - reNews [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]