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Power

New York Developers Plan to Install over 7,500 Megawatts of New Wind Generation

New York currently has 10 projects for 700 megawatts (MW) of operational wind power. This represents about 1.7% of the total 40,669 MW of the state's operational capacity.

Released Wednesday, July 30, 2008

New York Developers Plan to Install over 7,500 Megawatts of New Wind Generation

Researched by Industrial Info Resources (Sugar Land, Texas)-- New York currently has 10 projects for 700 megawatts (MW) of operational wind power. This represents about 1.7% of the total 40,669 MW of the state's operational capacity. New York, like most states, is trying to increase its generation capacity from renewable sources. The state's location provides plenty of areas to harness wind energy at higher altitudes and offshore: lakes Erie and Ontario, and the Atlantic Ocean.

There are more than 60 projects for over 7,500 MW in development that are in the planning, engineering or construction phases, though some are on hold. These projects range in size from 10.8 MW up to 400 MW. At the current cost of $1.6 million to $2.6 million per megawatt to build, these projects will cost between $12 billion and $19.5 billion to construct. If all of the planned windfarms come to fruition, the state's total wind generation will be more than 8,200 MW. This would bring generation from renewable sources to more than the 20% in New York.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.
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