Siemens Gamesa said Monday it will build an offshore wind turbine nacelle factory in upstate New York if its turbines are selected for the next group of wind farms to be built off the state’s coast.

The factory would sit along the Hudson River near other factories that are proposed as part of the offshore wind supply chain officials are trying to create within New York.

The project would generate roughly $500 million in local investment, the company said, and create about 420 direct jobs. The company said it would seek to source component supplies locally, sparking indirect employment growth at other companies.

Siemens Gamesa said in a news release that the proposed factory and the accompanying supplier network also would support the company’s activities elsewhere on the East Coast, where multiple offshore wind farms are in various stages from concept to construction from Maine to South Carolina.

New York alone wants to have 9 GW of offshore wind online by 2035.

“The announcement of this proposed facility in New York is a major step forward in our desire to lead the massive U.S. offshore wind market,” Marc Becker, CEO of Siemens Gamesa’s offshore business, said in the news release. “We’re excited by the opportunity presented by the State of New York to further develop our manufacturing footprint.”

In its third offshore wind solicitation, which closed Jan. 26, New York required developers to submit supply chain investment and workforce development plans with their wind farm proposals.

But given the limited availability and high cost of waterfront real estate in and near New York City, much of that supply chain will be inland.

Siemens Gamesa’s factory would be in Coeymans, which is 130 miles from the Atlantic Ocean but reachable by ocean-going vessels.

That stretch of the Hudson River could become something of a hot spot for the offshore wind industry.

Ørsted and Eversource Energy (NYSE:ES) already have contracted with Riggs Distler to build foundation components for their Sunrise Wind project at the Port of Coeymans, creating an estimated 230 jobs.

Eight miles north, in the Port of Albany, a facility employing up to 350 people to make turbine towers and transition pieces is planned by a partnership that includes Equinor.

And General Electric (NYSE:GE) announced last month that if there were enough orders for projects in New York waters, it would build two factories in Coeymans: one for offshore wind turbine blades; one for turbine nacelles. GE said the two would create approximately 870 direct jobs and support roughly 1,400 indirect jobs.

There would be a bit of irony in Siemens Gamesa and GE setting up nacelle factories close to one another: On Feb. 2, a federal judge ruling in a patent infringement case ordered GE to pay Siemens Gamesa $60,000/MW for all GE Haliade-X wind turbines installed at the 1,100-MW Ocean Wind 1 project off New Jersey.

When it announced its potential plans in Coeymans, GE said the components made there would be used in the next generation of the Haliade-X.

The New York State Energy Research and Development Authority said in late January that the state’s latest offshore wind solicitation drew record interest with six developers proposing eight projects. (See: NYSERDA: 3rd OSW Solicitation Breaks Record.)