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.

Anchored by Albany, New York’s Capital Region is emerging as the manufacturing hub for component parts to serve the offshore wind industry in New York State and beyond. The Port of Albany is developing the nation’s first offshore wind tower manufacturing facility in partnership with Equinor and Marmen/Welcon. The Port of Albany will also support a strategic alliance between Marmen Welcon and Smulders for the manufacturing of transition pieces. The region is also realizing significant investment in advanced foundation components by Ørsted/Eversource at the Port of Coeymans.

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.

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Regional Ports & Sites

7.81

NYS Avg. Industrial Electric Rate (c/kWh) (12/2022)

NYS Corporate Income Tax Rate for Qualified Manufacturers

11,700+

Regional Jobs Relevant to OSW Components (2021)

Grant Van Wyngaarden, Senior Supply Chain Development Manager for Ørsted/Eversource

“We see the Capital Region as a critical element of our supply chain for building these incredible projects. The Capital Region has an excellent value proposition to the industry with incredible experiences in advanced manufacturing, research and development, and on top of that a very experienced and skilled workforce. Like its grasp in the tech industry, the Capital Region is also very experienced and has an aptitude to transitioning and welcoming new industries. This is why very established companies globally in the offshore wind industry see the Capital Region as a critical element.”

Regional Industry News & Research

Research & Talent Pipeline Assets

With 24 higher education institutions, the region is a major talent generator.

Center for Future Energy Systems, Rensselaer Polytechnic Institute – Troy | Atmospheric Sciences Research Center, University of Albany – Albany
GE Research/GE Renewable Energy – Niskayuna/Schenectady | WRI Energy – Glens Falls | Hudson Valley Community College – Troy
Workforce Development Institute – State non-profit that works to grow and keep good jobs in New York State

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 | Business Network for Offshore Wind Supply Chain Connect | Grant & Loan Assistance | CEG Supply Chain Development Resources

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. See representative sites here and/or contact CEG for a wider, 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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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.

Companies Investing in the Capital Region