New York rejects inflation adjustment requests for 90 planned wind and solar projects that total more than 12 GW of capacity and constitute much of the state’s contracted clean energy pipeline.
Costs have spiraled as Beacon Wind 1 moves slowly through review; developer says it is impossible to finance under terms negotiated.
Beacon Wind I drew unanimous public support during public hearings on the transmission line needed for the1,230-MW wind farm planned off the New York coast.
Equinor and bp have created a fund to help pay for workforce development and support community-empowerment aspects of New York’s nascent offshore wind industry.
Rebuffed on its repowering plans, NRG Energy will demolish its 558-MW Astoria peaker plant in New York City and sell the site to an offshore wind developer.
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