June 14, 2024

Beacon Wind

NY Rejects Inflation Adjustment for Renewable Projects

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.

BOEM Commences Environmental Review of Beacon Wind
Costs have spiraled as Beacon Wind 1 moves slowly through review; developer says it is impossible to finance under terms negotiated.
Ben Schumin, CC BY-SA-2.0, via Wikimedia
Beacon Wind Draws Public Support at Power Line Hearing
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.
Fund Created to Develop NY Offshore Wind Ecosystem
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.
Ben Schumin, CC BY-SA-2.0, via Wikimedia
NRG to Demolish Astoria Plant, Sell Site to OSW Firm
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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