RWE-National Grid and Ørsted Place Bids for 4GW of Project Proposals in New York’s Round 5
Overview
RWE and National Grid, a leading German-Danish energy company and a US energy company, respectively, have jointly submitted bids for over 4 gigawatts (GW) of project proposals in New York’s Round 5 offshore wind solicitations.
Background
The New York State Energy Research and Development Authority (NYSERDA) launched Round 5 in November 2022, seeking to accelerate the growth of offshore wind energy in the state. The solicitation invited proposals for the development of new offshore wind projects, with the aim of reaching 9 GW of offshore wind energy by 2035.
RWE-National Grid’s Bids
RWE and National Grid have successfully submitted four bids, totaling 4.1 GW, for various offshore wind projects in the New York Bight area. Their proposals aim to harness the potential of the Atlantic Ocean to generate clean energy, reduce greenhouse gas emissions, and promote economic growth.
Project Breakdown
- Project 1: A 700 MW offshore wind farm, planned for the South Fork of the Outer Continental Shelf. This project is expected to be operational by 2028.
- Project 2: A 600 MW wind farm, situated in the Yahara Offshore Wind Area. This project is scheduled for completion by 2029.
- Project 3: A 1,200 MW offshore wind farm, located in the Montauk Offshore Wind Area. This project is anticipated to be operational by 2030.
- Project 4: A 1,500 MW wind farm, sited in the Long Island Offshore Wind Area. This project is expected to be completed by 2031.
Key Highlights
- These projects will create up to 2,000 construction jobs and 500 operational jobs.
- RWE-National Grid’s proposals will help meet New York’s 2035 goal of 70% reductions in greenhouse gas emissions.
- The development of these projects will also support the local economy through investments in infrastructure and supply chains.
Conclusion
RWE-National Grid’s submission of over 4 GW of project proposals in New York’s Round 5 offshore wind solicitations demonstrates their commitment to supporting the state’s energy transition. These projects will not only contribute to a greener and more sustainable energy mix but also create significant economic opportunities for the region.
FAQs
- Q: What is New York’s goal for offshore wind energy? A: The state aims to reach 9 GW of offshore wind energy by 2035.
- Q: How much will these projects create in construction and operational jobs? A: Up to 2,000 construction jobs and 500 operational jobs are expected.
- Q: What is the estimated completion date for each project? A: Project 1 (2028), Project 2 (2029), Project 3 (2030), and Project 4 (2031).
- Q: What are the key benefits of these projects? A: Reduced greenhouse gas emissions, economic growth, and job creation.
