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NY Announces $500 Million Offshore Wind Investment and 2022 Procurement

By Lauren A. Bachtel, Eric R. Pogue & J. Paul Forrester on March 8, 2022
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On January 5, 2022, as part of the 2022 State of the State, New York Governor Kathy Hochul announced new investments and a plan to advance offshore wind energy development off the coast of New York. Governor Hochul announced that the state will make a $500 million investment to support ports, manufacturing and supply chain infrastructure to advance its offshore wind industry. Coupled with the investment, Governor Hochul announced an offshore wind plan with the following actions:

Read more about our research and conclusions here:

https://www.mayerbrown.com/en/perspectives-events/publications/2022/01/ny-announces-500-million-offshore-wind-investment-and-2022-procurement

Photo of J. Paul Forrester J. Paul Forrester

Paul Forrester is a respected corporate finance and securities lawyer whose practice is especially focused on structured credit, including collateralized loan obligations, energy (including oil and gas, utilities, shipping, refinery and pipeline) financings and project development, and financing (especially concerning renewable energy, industrial…

Paul Forrester is a respected corporate finance and securities lawyer whose practice is especially focused on structured credit, including collateralized loan obligations, energy (including oil and gas, utilities, shipping, refinery and pipeline) financings and project development, and financing (especially concerning renewable energy, industrial, petrochemical, power and transportation projects and infrastructure).

View full profile on MayerBrown.com.

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  • Posted in:
    Energy and Utilities
  • Blog:
    Energy Forward
  • Organization:
    Mayer Brown

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