New York Refuses Revisions to Offshore Wind Power Agreements Creating Doubt

New York State has put its ambitious plans for offshore wind energy in jeopardy after it declined requests from larger developers to renegotiate their power purchase agreements increasing rates to reflect current market conditions. The decision follows similar situations that have emerged in both Massachusetts and more recently Connecticut which are also threatening projects, while New York and New Jersey officials also continue to seek to push forward with the plans for offshore wind energy.

View entirety: The Maritime Executive