The New York Power Authority will not support offshore wind power projects in Lake Erie and Lake Ontario, including Galloo Island Wind Farm.
NYPA’s board of trustees decided Tuesday morning not to award any power purchase agreements through its Great Lakes Offshore Wind project because of exorbitant cost.
“While deciding not to proceed with GLOW, the Power Authority will continue its commitment to developing and implementing wind and other clean alternative energy sources to produce emissions-free power for the benefit of New Yorkers today and for future generations,” said Gil C. Quiniones, acting president and chief executive officer, in a statement.
The authority will focus on an offshore wind project near Long Island with a direct connection to Long Island, New York City and New Jersey. But the upstate project would be too costly, the authority said, requiring an annual subsidy of $60 million to $100 million for a 150-megawatt project, not even the full capacity proposed.
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