New York Governor Kathy Hochul, together with Division of the Budget Director Robert F. Mujica Jr., outlined the State’s Fiscal Year (FY) 2023 Executive Budget on 18 January, confirming the USD 500 million investment in offshore wind infrastructure, announced in her 2022 State of the State address at the beginning of this month.

The USD 500 million in the Executive Budget will be invested in the development of the State’s ports, manufacturing, and supply chain infrastructure needed to advance the offshore wind industry.