The project is designed to generate 810 MW, which will provide approximately 6% of New York’s total electricity needs. However, the cost of electricity produced by this project is $155 per megawatt hour; This is nearly double the U.S. average of $89.33 per megawatt hour for offshore wind.
Meanwhile, New York is moving away from natural gas and “legacy” energy sources like the Indian Point nuclear power plant.
Source: Ferra
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