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Q&A
Challenges in federal policies affecting offshore wind development
1:53:41
ยท
98 sec
Commissioner Aggarwala discusses the uncertainties surrounding federal policies and their impact on offshore wind development. He highlights the challenges faced by the industry and potential alternatives.
- Federal policy changes and cost escalations are major factors affecting offshore wind development
- New York State may need to consider more onshore wind upstate and solar energy alternatives
- The combination of federal policy and costs may require a different approach to meeting CLCPA (Climate Leadership and Community Protection Act) goals
Rohit Aggarwala
1:53:41
Well, you know, look, I think as as with many things related to the federal government right now, it is it is too early to tell definitively.
1:53:49
The reality as is well known, know, of the federal government or the change in in leadership in the federal government, offshore wind particularly had faced a number of challenges due to the fact that so many of contracts were signed during or right after the pandemic and the massive costs or the massive escalation in construction costs that's an industry wide and a global phenomenon that goes well beyond wind has has been the biggest single thing affecting the pace of offshore wind development.
1:54:25
Offshore wind of course does have more of an interaction with the federal government because of the licensing for for the locations offshore.
1:54:35
And I think it is possible, you know, if if you ask me to speculate that that New York State may have to think more about about onshore wind upstate and think more about solar.
1:54:52
But there too we've, you know, we have seen as as you probably know the clean path project got suspended and and the New York Power Authority is exploring whether it might play a role in keeping that going.
1:55:05
But look, I think the combination of federal policy and costs are going to require a very different approach to thinking about how we meet the CLCPA goals going forward.