Global Infrastructure SherpaSiemens Gamesa to establish offshore wind turbine nacelle manufacturing facility in New York
USD500M
Deal Value
Siemens Gamesa announced its intention to build a major offshore nacelle manufacturing facility at the Port of Coeymans in New York, contingent on its wind turbines being selected in the state's third offshore wind solicitation. This represents an investment of approximately $500 million and aims to create around 420 direct jobs, supporting the U.S. target of 30 GW of offshore wind power by 2030. The facility is designed to supply components for Siemens Gamesa's offshore wind projects along the U.S. East Coast, further localizing the supply chain.
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Counterparts (2)
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Siemens Gamesa is making a conditional play for the U.S. offshore wind market, proposing a $500 million nacelle manufacturing facility in New York. This major investment, contingent on their turbines winning bids in the state's third solicitation, aims to create around 420 direct jobs. As a full-spectrum wind turbine manufacturer, Siemens Gamesa is clearly looking to localize its supply chain for East Coast projects. This move demonstrates a strategic commitment to domestic production, directly supporting the ambitious U.S. goal of 30 GW of offshore wind by 2030.
- Siemens Gamesa proposes a $500 million investment.
- Facility is contingent on turbine selection in New York's third offshore wind solicitation.
- Aims to create approximately 420 direct jobs.
- Located at the Port of Coeymans, New York.
Timeline
Announced
Feb 13, 2023
Signed
Closed
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