Regional Fund Administrator for an Offshore Wind Fisheries Mitigation Fund (RFP 5554)

Due Date:  03/20/2024  (Round 1)

Description

Recognizing the importance of sustaining fisheries and the fishing industry; states and the offshore wind industry are supporting the design of a system to financially compensate for economic loss from offshore wind development off the Atlantic Coast in a transparent and equitable manner.

Over the last two years NYSERDA, on behalf of New York, has engaged with 11 East Coast States, stakeholders representing the commercial fishing community and offshore wind development, federal agencies, and relevant groups to develop a detailed description of the need, design and development of the Regional Fund Administrator (RFA) and claims process. The engagement concluded that to successfully advance the design and development of such a Fund, an independent party should be identified to draft and socialize the granular details of how the Fund process will operate and ultimately be implemented.

Therefore, NYSERDA through Request for Proposals (RFP) 5554 seeks a qualified entity to serve as the RFA to design and develop an offshore wind energy-related comprehensive fisheries compensatory mitigation fund and associated claims processes to serve states, the fishing community, and offshore wind developers working on projects in the water along the East Coast of the United States. The funding associated with this RFP is intended to provide support to the successful proposer for the collaborative development of the detailed Fund and associated claims process which may also help to position the proposer as the entity to effectively implement the Fund to manage and administrate funds when they become available. 

 

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