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Governor Hochul Announces Nation’s Largest-Ever State Investment in Renewable Energy is Moving Forward in New York
OCTOBER 24, 2023
Albany, NY
https://www.governor.ny.gov/news/governor-hochul-announces-nations-largest-ever-state-investment-renewable-energy-moving

Highlights

- Three Offshore Wind and 22 Land-Based Renewable Energy Projects Totaling 6.4 Gigawatts Will Power 2.6 Million New York Homes and Deliver 12 Percent of New York’s Electricity Needs in 2030

- Projects Expected to Create Approximately 8,300 Family-Sustaining Jobs and Bring $20 Billion in Economic Development Investments Statewide, Including Developer-Committed Investments to Support Disadvantaged Communities

- Advances the Nation’s First Offshore Wind Blade and Nacelle Manufacturing Facilities with the State Committing $300 Million and Attracting an Additional $668 Million in Private Funding

- Supports Progress Toward New York’s Climate Act Goal to Obtain 70 Percent of the State’s Electricity from Renewable Sources by 2030

- 79 Percent of New York’s 2030 Electricity Needs to be Met with Renewable Energy