New York Offshore Wind Terminal Seeks Government Funds
New York State has submitted an application for the United States Department of Transportation’s Port Infrastructure Development Grant Program to support the construction of Arthur Kill Terminal in Staten Island.
Arthur Kill Terminal will be an offshore wind staging and assembly port built on a 32-acre undeveloped site through a partnership between Empire State Development (ESD) and Arthur Kill Terminal, LLC.
ESD is the umbrella organization for New York’s two principal economic development public-benefit corporations, the New York State Urban Development Corporation and the New York Job Development Authority.
”Utilizing underdeveloped land at the Arthur Kill Terminal to create a green energy port and bring new, sustainable economic opportunities to the State advances Empire State Development’s mission to prepare New York’s economy for the future,” ESD Chief Operating Officer and Executive Deputy Commissioner Kevin Younis said.
”With Arthur Kill Terminal as an offshore wind port, we will continue to serve as leaders in the fight against climate change, while promoting job growth and strengthening our manufacturing sector.”
New York now has five offshore wind projects and five ports in active development – the largest offshore wind pipeline in the nation totaling more than 4,300 MW, enough to power more than 2.4 million homes, and representing nearly 50 per cent of the capacity needed to meet the New York State’s target of 9 GW of offshore wind capacity by 2035.
These projects are expected to deliver thousands of jobs and more than USD 12.1 billion of combined economic activity.
”The Arthur Kill Terminal Project will support the delivery of clean energy to power millions of homes, bring thousands of good-paying jobs, with a significant amount of the work going to workers and businesses in historically disadvantaged and environmental justice communities, and provide critical port infrastructure to accelerate the achievement of New York’s offshore wind goals,” NYSERDA President and CEO Doreen M. Harris said.
”Importantly, this carefully planned project will be operational in time for the imminent East Coast offshore wind construction boom and will be able to service both shallow and deep-water projects – an essential and scarce asset for Atlantic states.”
Last month, Arthur Kill Terminal LLC signed an agreement with certain funds managed by Apollo Funds for the exclusive right to invest in the Arthur Kill Terminal project.
The terminal is anticipated to begin operating in late 2025.
Arthur Kill Terminal President and CEO Boone Davis said: ”We are thrilled to announce a partnership with Empire State Development to realize this transformational project for Staten Island, New York, and the region. Arthur Kill Terminal will be a cornerstone for the development of a US-based offshore wind supply chain and will unlock significant jobs and economic benefits for local workers and businesses.”