$5 Million Offshore Wind Ecosystem Fund Announced | News and Insights

Equinor and partner bp, the New York City Economic Development Corporation, and key community members are launching a fund to promote workforce growth and inclusion in New York’s offshore wind industry

Brooklyn, NY – Equinor and bp, in partnership with the New York City Economic Development Corporation (NYCEDC) and the Sunset Park Task Force (SPTF), today announced the creation of the Offshore Wind Ecosystem Fund, a community grant program to $5 million clean energy. designed to support sustainable growth, workforce development, empowerment of underserved communities, and climate justice in New York City’s emerging offshore wind ecosystem.

The fund will provide grants that will help boost vocational education and training, provide historically marginalized communities with access to labor and small business opportunities, and help minority and minority-owned businesses. women in New York to foster innovation that contributes to the growth of the offshore wind ecosystem.

The Ecosystem Fund is governed by a Strategic Development Committee responsible for creating investment strategies that align with the Fund’s objectives, and a Selection Committee that will help evaluate and select funding proposals. Both include representatives from the Sunset Park Task Force, which advocates maximizing economic potential and community ties between Sunset Park residents and the waterfront, NYCEDC and Equinor.

One of the largest wind developers in the world, Equinor leads the Ecosystem Fund initiative on behalf of its 50-50 strategic partnership with bp in the United States. Together, the companies develop the Wind of the Empire and lighthouse wind projects, which will provide enough renewable energy to power more than two million New York homes. Empire Wind, located off the south coast of Long Island, will provide more than two gigawatts of offshore wind power and Beacon Wind will provide an additional 1.2 gigawatts of power.

“We are thrilled to announce the launch of the Ecosystem Fund which will provide significant funding to help grow the future of New York’s clean energy economy. This initiative will help spur a new pipeline of creative ideas and talented people from across the city, especially underserved communities, to create careers in this exciting new field,” said Molly Morris, president of Equinor Wind US. “It also aligns with our work with South Brooklyn Marine Terminal and the community of Sunset Park in Brooklyn to revitalize the industrial port facility and transform it into a major staging and assembly port for long-lasting offshore wind turbines. in the future.”

“bp recognizes the importance of a just energy transition that creates quality jobs, supports the livelihoods of local communities and prepares workers for new opportunities in the energy sector. That’s why we invest to support equity in the offshore wind sector, help people develop skills for the future energy system and build workforce resilience.

Dave Lawler, chairman and president of bp America

“We are thrilled to partner with Equinor in the creation of the Offshore Wind Ecosystem Fund, which will be a critical program helping to advance New York City’s offshore wind vision,” said NYCEDC President and CEO Andrew Kimball. “This fund is the result of an excellent public-private partnership that will help ensure the green economy is accessible to all New Yorkers.”

Doreen M. Harris, President and CEO, NYSERDA, said: “NYSERDA’s partnership with Equinor includes three of New York’s five offshore wind projects currently in development, part of the largest active portfolio in the United States, which will anchor this game-changing renewable resource here in the Empire State and bring benefits to all New Yorkers – especially those who have historically been left behind. This Ecosystem Fund will support communities like Sunset Park with a pathway to provide historical knowledge and local expertise for training and workforce development initiatives – and guide community investments that will best serve their communities. neighborhoods and the wider development of offshore wind projects.

“The Offshore Wind Ecosystem Fund brings an integrated approach to environmental justice to Brooklyn,” said Brooklyn Borough President Antonio Reynoso. “Not only will these grants accelerate our clean energy efforts, but they will also open up green careers for new generations and enable small businesses owned by minorities, women and disabled veterans to participate in the offshore wind industry. Thanks to Equinor, NYCEDC and SPTF for the thoughtful approach to New York’s clean and green future.

“As we work to create a regional offshore wind generation and logistics center at the South Brooklyn Marine Terminal, it is essential that we prepare the local workforce to build and operate it. The principle of a just transition is that we focus on equity and include underserved communities and environmental justice in our energy transition. To that end, I was also pleased to secure funding from the Department of Labor for a local workforce development program for climate-smart manufacturing. As we retool our economy for green energy, I am pleased that this initiative and the work of NYCEDC, Sunset Park Task Force and Equinor secures additional resources for a fairer transition as we prepare the local workforce to have real manufacturing jobs here. in Brooklyn. With all levels of government, industry and community working together, the future can be bright,” said Rep. Nydia M. Velazquez (D-NY).

“New York City’s green energy sector continues to go from strength to strength with today’s announcement of $5 million dedicated to supporting sustainable and equitable growth in our local communities. These are the green jobs that will not only allow us to meet our city’s climate goals of 100% clean electricity by 2040, but will also achieve our goals of a just economic recovery. New York City Council, I’m thrilled to see the attention that NYCEDC, Equinor, and the Sunset Park Task Force are To recover equitably, we must prioritize our black, brown, and minority communities—this grant does exactly this by ensuring that our offshore wind sector is focused on the M/WBEs, SDVOBs and environmental justice communities Thanks to Chairman Andrew Kimball, Equinor and the Sunset Park for your leadership and collaboration on this important grant,” said Board Member Amanda Farias, Chair of the Economic Development Committee.

“Climate change is one of the greatest threats facing our city. These types of public/private partnerships play a critical role in making New York City greener,” said Council Member James F. Gennaro, Chairman of the New York City Council Environmental Protection Committee. “I commend Equinor Wind, NYCEDC and Sunset Park Task Force for this much-needed investment in clean energy.”

“This grant program is a victory for climate justice: growing our city’s green economy and supporting good jobs while empowering this community,” said Kizzy Charles-Guzmán, Executive Director, Mayor’s Office for Climate and Environmental Justice. “Offshore wind is critical to reducing our city’s dependence on fossil fuels and meeting the city’s and state’s clean energy goals, and we’re thrilled that this fund is prioritizing frontline communities like Sunset Park.”

“Programs like this show New York City’s great strides towards becoming a world-renowned offshore wind hub,” said Rohit T. Aggarwala, Commissioner, Department of Environmental Protection and Climate Officer. “The Offshore Wind Ecosystem Fund brings us closer to achieving the city’s long-term sustainability goals while creating economic opportunities that revitalize environmental justice communities.”

Further information on the Ecosystem Fund, guidance on applications, and opportunities to collaborate with other applicants will be provided in the coming weeks.

An online application site will open on Tuesday, November 14. For more information on the Offshore Wind Ecosystem Fund, visit https://www.empirewind.com/ecosystem-fund.