Offshore wind projects along Hudson River expected to create 3,200 new jobs

 ALBANY — Offshore wind turbine component manufacturing at the Port of Albany’s Bethlehem site and at the Port of Coeymans is expected to generate $1 billion in wages and 3,200 new manufacturing jobs, a new study found.

 

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The manufacturing sites — which are contingent on several new offshore wind farms being built off the coast of Long Island — would also support 10,000 construction jobs, according to the study, done by Karp Strategies, a New York City urban planning and consulting firm.

 

The study was commissioned by the Center for Economic Growth, the Advance Albany County Alliance, the Port of Albany and Carver Cos., which owns the Port of Coeymans.

 

New York state has been encouraging offshore wind developers from across the world to bid on offshore wind farms that would be located off Long Island and provide carbon emissions-free electricity to the state to help it meet the requirements of its 2019 climate change law, one of the most stringent in the nation. The law requires New York to eventually end the use of fossil fuels in electricity generation.

 

The Port of Albany site in Bethlehem, located along the Hudson River on a piece of land known as Beacon Island, is expected to build 150 offshore wind turbine towers a year when completed and employ hundreds of workers,

 

The Port of Coeymans is expected to be the site for the manufacture of nacelles, the box-like components on a wind turbine that house a generator. It is also planning to host a wind turbine blade manufacturing site as well. The sites are considered ideal since they are on the Hudson, which would allow barges to bring completed wind turbine parts down to the Atlantic Ocean for installation.

 

Nick Laraway, the chief operating officer of Carver Cos., says the study process was in-depth and required a lot of input from the Port of Coeymans. He said he was excited about the study’s findings. The Port of Coeymans itself is expected to generate $232 million in tax revenue through just its first year of operating its manufacturing facilities, including $12 million each for Albany County and the Ravena-Coeymans-Selkirk school district.

 

“The results are pretty amazing,” Laraway told the Times Union in a phone interview.

 

The Beacon Island project is expected to generate $163 million in tax revenue through construction and the first year of operation, including $9 million for Albany County and $10 million for the city of Albany school district.

 

“The industry is (at) a tremendous time moment in time to create thousands of jobs for the region for decades to come,” Port of Albany CEO Richard Hendrick said in a statement.

 

Offshore wind projects in New York state have been on shaky ground lately as developers have cited inflation and supply chain issues for increasing expected costs, although New York state has allowed developers to submit new bids for power purchase agreements that reflect the higher costs.

 

“We feel fortunate that the state government and NYSERDA (the state’s renewable energy agency) have worked in such a flexible manner,” Carver told the Times Union.

 

Offshore wind projects on Hudson expected to create 3,200 new jobs (timesunion.com)

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