The cancellation of planned offshore wind projects has sparked considerable heartburn and hand-wringing among lawmakers, activists and politically wired businesses and unions, but it’s been good news for the upstate families and businesses who would be paying more than half the cost. For them, each year of delays on scotched projects amounts to future electric-bill savings of upwards of $1 billion—and gives Albany another chance to find a better, less expensive way to go green. Read More
Upstate electricity customers today got what seemed like good news when Equinor pulled the plug on its Empire Wind 2 (EW2) offshore wind project, one of several being funded by New York customers as far away as Buffalo and Plattsburgh. The announcement however is mainly theater, because Equinor looks poised to squeeze even more money from ratepayers—in a manner that should have state lawmakers deeply concerned about how little control they’ve retained over state renewable energy spending. Read More
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