Offshore Wind

New York State is leading the nation with its goal to develop 9,000MW of offshore wind by 2035, which is critical to meeting its aggressive goal of 70 percent renewable electricity by 2030. Albany, New York and the Capital Region are becoming a national hub for offshore wind manufacturing. 

Home to New York’s northern-most, year-round seaport with critical rail connections and located at the nexus of Interstates 87 and 90, the region provides strategic access to multi-state supply chains. New York’s Capital Region has the manufacturing capability, port infrastructure, R&D assets, adaptable workforce, and sites to support the offshore wind industry. Contact us to learn more about offshore wind opportunities in the Capital Region and how we can help.

Economic Impact of Offshore Wind

Capital Region Partners – Albany County Alliance, Carver Companies, Center for Economic Growth, and Port of Albany – engaged Karp Strategies to develop an economic impact assessment of offshore wind to show the industry’s transformative economic benefits. It can be read in full here.

Read Impact Analysis
2
Deep Water Ports
0%
Sales Tax on Production Equipment
12,600
Jobs Relevant to OSW Components (2023)

Sites

With over 300 quayside acres in various stages of development and plenty of shovel ready sites  and facilities in proximity, the Capital Region can support large and small projects. Contact CEG for assistance with a customized site search.

Port of Albany

Located 124 nautical miles north of New York Harbor, the Port of Albany is the largest inland Port in the Northeast United States. The Port consists of nearly 400 acres on the east and west sides of the Hudson River.

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Port of Coeymans

The Port of Coeymans is one of New York’s premier industrial waterfront properties. The Port is equipped to handle modularization of power plants and bridges, as well as small manufacturing, marine construction, aggregates and disaster recovery projects.

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Workforce Development & Talent Pipeline

Resources Include:

CEG can assist with brokering conversations and making introductions to develop the offshore wind workforce through training programs, partners, etc. Additional CEG/partner workforce development programs and initiatives can be found here.

Supply Chain

With a robust manufacturing base and transportation infrastructure, the Capital Region has opportunities to establish and grow the offshore wind supply chain. As the region’s federally designated Manufacturing Extension Partnership, the Center for Economic Growth has dedicated staff with deep expertise to provide one-on-one assistance and funding opportunities.

Resources:

NYSERDA Supply Chain Database | Ørsted Procurement Portal | Oceantic Network Supply Chain Connect | Grant & Loan Assistance | CEG Supply Chain Development Resources

 

How can we help?

CEG’s business attraction and expansion team can provide assistance with site selection, incentive coordination, market research, access to workforce, supply chain connections, and more. Contact us today by completing the form below.

 

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About the Center for Economic Growth (CEG)

The Center for Economic Growth (CEG) is dedicated to driving economic growth in New York’s eight-county, 1.1 million person Capital Region. As the nonprofit regional economic development organization, we do this by attracting investment and talent; growing manufacturing and workforce capabilities, leveraging industry clusters, and developing the entrepreneurial ecosystem. We serve as a catalyst and work with partners and stakeholders to prepare the region to compete and move high-impact strategies and projects forward. An affiliate of the Capital Region Chamber, CEG is supported by investors in business, government, education, and the nonprofit sectors who are committed to sustainable economic growth and shared prosperity.

Funding Partners