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New York Invests $6 Billion Into Offshore Wind Development


New York is fully investing in offshore wind development. Governor Andrew Cuomo has announced that $6 billion is going toward the industry, adding 2.4 gigawatts of capacity and nearly 5,000 more jobs to the state by 2030. It’s a move that will undoubtedly make a huge impact in the future of fossil fuels.

In direct contrast to President Donald Trump presenting a five-year plan for offshore drilling along the East Coast, New York is pushing their Clean Energy Standard forward with the Offshore Wind Master Plan. The mandate, presented back in 2016, forces the state to use renewable energy sources for 50 percent of their electricity by 2030. The new offshore wind plans will make the goal more attainable.