Anbaric released the following statement in response to the release of New York’s Power Grid Study:
“We applaud New York for putting forth a comprehensive power grid study that underscores the critical role transmission and distribution infrastructure will play in meeting the state’s climate and clean energy vision, particularly in achieving the nation-leading goal of 9,000 megawatts of offshore wind by 2035. The study makes clear that to overcome interconnection challenges and achieve this goal, New York needs carefully planned offshore wind cable routes and points of interconnection that will ensure reliable, resilient delivery of offshore wind energy to power New York homes and businesses,” said Janice Fuller, President, Mid-Atlantic of Anbaric. “Governor Cuomo has called on the market for creative proposals to meet this critical challenge. As leaders of the planned transmission conversation for years, Anbaric intends to answer that call with innovative transmission solutions that will unleash New York’s offshore wind generation and support this growing industry and corresponding jobs for decades to come.”
Anbaric is a majority employee-owned, US-based company focused on planning and scaling offshore transmission. The company is a partnership between the Anbaric partners and the Ontario Teachers’ Pension Plan, which as of June 30, 2020, had net assets under management of $204.7 billion CAD. Anbaric helped spearhead the development of two similar subsea projects between PJM and the NYISO which were delivered on schedule and on budget. Anbaric is committed to developing transmission systems for offshore wind in the US with a focus on New England, New Jersey and New York as well as in Canada. For more information visit www.anbaric.com.