Offshore Wind Energy Target

Under the Climate Leadership and Community Protection Act (CLCPA) of 2019, New York has a mandate to deploy at least 9,000 MW of offshore wind capacity by 2035. Although offshore wind capacity is considered in the procurement targets set for other programs under New York's Clean Energy Standard, offshore wind capacity is procured separately. The New York State Energy Research and Development Authority (NYSERDA) conducts competitive solicitations in order to secure Offshore Wind Renewable Energy Certificates (ORECs). New York's offshore wind procurement strategy was laid out in the New York State Offshore Wind Master Plan, and competitive solicitations were conducted in 2018, 2020, 2022, and 2023. Contracts awarded through these solicitations have a minimum term of 20 years and a maximum term of 25 years. The 2018 solicitation resulted in contracts for ORECs representing 1,696 MW of capacity, and the 2020 solicitation resulted in contracts for ORECs representing 2,490 MW of capacity. The 2022 solicitation has provisionally awarded contracts for 4,032 MW of capacity, while the 2023 solicitation deadline was January 25, 2024. In the 2023 solicitation, NYSERDA executed contracts for 1734 MW of capacity. The 2024 contracts executed were supposed to become available in Q1 of 2025.Regulatory actions on the Offshore Wind Standard take place in the New York Public Service Commission's Case No. 18-E-0071.