Eversource will take a fourth-quarter 2023 impairment of up to $1.6 billion due to the ongoing struggles of its offshore wind joint ventures with Ørsted.

The groups charged with leading New York’s energy transition enter 2024 trying to build on momentum from in 2023 while recovering from its disappointments.

Contracts for renewable energy projects totaling more than 8 GW of capacity in New York have been canceled as developers scramble to get out of unprofitable deals and rebid at higher cost.

New York is moving to limit the use of sulfur hexafluoride in electrical power and distribution equipment and to reduce leakage of the most potent greenhouse gas.

A review has found no sign so far of environmental damage or health risks from three battery energy storage fires in New York state in mid-2023.

The New York Public Service Commission has limited a major gas utility from proactively expanding its gas mains starting early next year.

New York is moving quickly to keep its renewable energy development queue viable, launching solicitations for new onshore and offshore large-scale projects.