Network expects bold actions from state after it ceased negotiations in its third offshore wind procurement round
For Immediate Release: April 19, 2024
Media Contact: Luke Jeanfreau | [email protected] | 504-302-8079
BALTIMORE — In response to today’s announcement by the State of New York that it would not move forward with offtake agreements for its third offshore wind solicitation, Oceantic Network, the nation’s leading organization working to advance offshore wind and other ocean renewable energies, voiced confidence in the state leadership’s willingness to take bold action to secure its market. The lack of a final offtake agreement for the Attentive Energy One, Community Offshore Wind, and Excelsior Wind projects came as a result of turbine manufacturer GE Vernova cancelling plans earlier this spring to produce an 18 MW wind turbine that would have been utilized for the projects.
Last fall, the state implemented a bold action plan that helped secure two previously awarded projects after global economic forces rendered the projects unable to move forward financially. Those projects, Empire Wind 1 and Sunrise Wind, are now expected to begin offshore installation next year and are already conducting onshore construction.
The following statement can be attributed to Liz Burdock, founder and CEO of Oceantic Network:
“We are confident New York’s leadership will take the action necessary to maintain their market’s trajectory. The state has already shown its ability and willingness to move swiftly to secure projects on their timelines, and we fully expect the state will continue taking bold action in service of their 9 GW deployment goal. The U.S. market has been steadily building momentum, and while today’s announcement is disappointing, it is not unexpected and will not impact the market’s overall fundamentals. The industry recently celebrated New York’s first project coming online, and this summer two new commercial-scale projects begin installation with two more New York projects close behind.”
Additional Information:
For more information or to arrange an interview with the Network, contact Luke Jeanfreau at [email protected] or 504-302-8079.
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As a non-profit organization, the Oceantic Network’s driving purpose is to inform, coordinate, and mobilize human ingenuity, enterprise, and labor to take advantage of the urgent need to tap the vast offshore wind and renewable energy resources that lie in the world’s oceans. The collective, coordinated efforts of our 600+ members equip communities and nations to accelerate the transition to clean energy and create economic opportunities.
