Tag: Offshore Wind

The renewable-power fantasy is being blown apart by furious financial headwinds. Already this year projects have tumbled in Rhode Island, Connecticut and Massachusetts, and now Danish wind-power giant  Over and over, the litany of causes is th Read More

The myth that New York can replace fossil fuel power plants with cheap renewable energy has begun to crumble under renewable developers’ demands for higher prices to offset inflation and supply chain challenges.  Read More

The volatility of wind off the Atlantic coast will challenge New York's ability to keep the lights on according to a recent analysis from the New York State Reliability Corporation. Read More

Offshore wind developers, citing changing market conditions, are demanding what could be billions of dollars in additional subsidies—but refusing to let the public see how much or explain their reasoning. Read More

The price of offshore wind is about to go up, and electricity users across the Empire State will be on the hook for it. Read More

Developers looking to build thousands of wind turbines off the Mid-Atlantic and New England coast are coming up against a force even more relentless than the Atlantic winds: the Iron Law of Megaprojects, offering a warning of the trouble ahea Read More

A climate law adopted by the State Legislature in 2019 requires that New York transition to alternative energy sources on an aggressive timeline. Read More

Governor Andrew Cuomo’s energy agency issued a stern correction to an October 24 blog post in this space that said subsidies for offshore wind developers could cost ratepayers more than $6 billion. NYSERDA, the state Energy Research and Development Authority, said my calculations (which were based on NYSERDA’s own data) were “incorrect and misleading.” So I went back and double-checked. In one respect, I did make a mistake, explained below—but not in reaching the $6 billion estimate. In fact, the final price tag could climb even higher. Read More