NY Announces $500 Million Offshore Wind Investment and 2022 Procurement

On January 5, 2022, as part of the 2022 State of the State, New York Governor Kathy Hochul announced new investments and a plan to advance offshore wind energy development off the coast of New York. Governor Hochul announced that the state will make a $500 million investment to support ports, manufacturing and supply chain infrastructure to advance its offshore wind industry. Coupled with the investment, Governor Hochul announced an offshore wind plan with the following actions:

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https://www.mayerbrown.com/en/perspectives-events/publications/2022/01/ny-announces-500-million-offshore-wind-investment-and-2022-procurement