3 Blue State Offshore Wind Projects Scrapped In Blow To Biden’s Green Agenda
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Three New York offshore wind projects were canceled, dealing a blow to New York's goal of reaching 70% green energy generation by 2030 and Biden's plan to install enough offshore wind capacity nationwide to power 10 million U.S. homes by 2030. The cancellation came after the New York State Energy Research and Development Authority (NYSERDA) could not finalize power purchase agreements with three developers. The state's Public Service Commission (PSC) rejected a push by other developers to charge more for the power their projects would produce. Similar dynamics have played out in other blue states. The U.S. offshore wind industry is facing challenges due to inflation, higher borrowing costs, and supply chain issues. Biden's 2030 target for offshore wind is becoming increasingly unattainable. The White House, the office of Democratic New York Gov. Kathy Hochul, and NYSERDA did not immediately respond to requests for comment.
#OffshoreWind #GreenEnergy #NewYork #Biden #PowerPurchaseAgreements
https://www.shorenewsnetwork.com/2024/04/20/3-blue-state-offshore-wind-projects-scrapped-in-blow-to-bidens-green-agenda/
Shore News Network /
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2024-04-20 08:52:33
Author Public Key
npub1e0sz0lykenh49k0v6a72n6tmezwcad2e0zulvtm8jwm7udphfrssyxhwxmPublished at
2024-04-20 08:52:33Event JSON
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"content": "3 Blue State Offshore Wind Projects Scrapped In Blow To Biden’s Green Agenda\n==========\n\nThree New York offshore wind projects were canceled, dealing a blow to New York's goal of reaching 70% green energy generation by 2030 and Biden's plan to install enough offshore wind capacity nationwide to power 10 million U.S. homes by 2030. The cancellation came after the New York State Energy Research and Development Authority (NYSERDA) could not finalize power purchase agreements with three developers. The state's Public Service Commission (PSC) rejected a push by other developers to charge more for the power their projects would produce. Similar dynamics have played out in other blue states. The U.S. offshore wind industry is facing challenges due to inflation, higher borrowing costs, and supply chain issues. Biden's 2030 target for offshore wind is becoming increasingly unattainable. The White House, the office of Democratic New York Gov. Kathy Hochul, and NYSERDA did not immediately respond to requests for comment.\n\n#OffshoreWind #GreenEnergy #NewYork #Biden #PowerPurchaseAgreements\n\nhttps://www.shorenewsnetwork.com/2024/04/20/3-blue-state-offshore-wind-projects-scrapped-in-blow-to-bidens-green-agenda/",
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