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

Due Date: 3/26/2024

Supports the development of a system to financially compensate for economic loss from offshore wind development off the Atlantic Coast in a transparent and equitable manner. This is a result of offshore wind development recognizing the importance of sustaining fisheries and the fisheries industry. Over the last two years, 11 East Coast States, stakeholders representing the commercial fishing community and offshore wind development, federal agencies, and relevant groups have engaged with NYSERDA to develop a detailed description of the need, design and development of the Regional Fund Administrator (RFA) and claims process. 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.