Why New York’s offshore wind projects may be in jeopardy

The developers of New York’s offshore wind projects are asking for increased subsidies from the state’s taxpayers, arguing that their work may not move forward without additional funding. But their requests raise questions about the viability of those projects, which in turn threaten the state’s ambitious climate targets and efforts to become a hub for the nascent offshore wind industry. POLITICO’s Marie French breaks down why the state’s offshore wind projects are now in doubt. Plus, the Interior Department is drafting language into a new rule that would allow companies holding offshore oil leases to convert them to allow the acreage to be used to store carbon dioxide instead. 

Marie J. French covers energy and the environment for POLITICO New York. 

Josh Siegel is a congressional energy reporter for POLITICO. 

Nirmal Mulaikal is a POLITICO audio host-producer.

Alex Keeney is a senior audio producer at POLITICO. 

For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch

And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro:

 https://subscriber.politicopro.com/newsletter-archive/morning-energy

Learn more about your ad choices. Visit megaphone.fm/adchoices