The ask from the developers throws into question the state’s pipeline of renewable energy projects.
Higher interest rates also make it more difficult for developers to finance projects, increasing the return they need to generate to make a profit.
“Sunrise Wind has been particularly impacted because it was agreed in 2019 right before high inflation, rising interest rates and increased supply chain costs took shape,” he said. “We will continue to look for initiatives and approaches to help address these challenges as we continue building an American offshore wind industry and enabling investment and job creation across the State of New York.
Under the NYSERDA contracts, developers get “renewable energy credits” for the energy they generate. They earn other revenue from the electricity market. NYSERDA requires utilities and other load-serving entities to buy the credits generated, passing costs along to customers.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Texas power struggle: How the nation’s top wind power state turned against renewable energyState lawmakers have pushed bills to support fossil fuel-burning power plants and restrict renewable energy development this legislative session.
Les mer »
Renewable Energy Avoids Nightmare Scenario in TexasA barrage of measures in the Texas legislature had threatened wind and solar projects, but according to renewables-project developers, the worst of those weren’t enacted
Les mer »
Texas has gone big with renewable energy. Why can’t it go all the way?The biggest barriers to making Texas’ power grid 100 percent renewable have little to do with politics.
Les mer »
Corey Lajoie Blown Away by First Visit to Hendrick NASCAR EmpireAbout an hour into his first day at Hendrick Motorsports to pinch-hit for suspended Chase Elliott, Lajoie realized 'why they're so freaking good.'
Les mer »
Slow start to New York's legal pot market leaves farmers holding the bagNew York's fledgling marijuana market doesn't have enough licensed retailers to sell the 300,000 pounds (136,000 kilograms) of cannabis grown by farmers in the state. Farmers can only legally sell their product in a dozen licensed dispensaries statewide, and they're feeling a financial pinch as another growing season gets underway. Pot businesses in the West have struggled with black market competition and high taxes, but in New York, the farmers’ plight is part of the bumpy launch of New York’s recreational pot market. State leaders had always planned to gear up the market in stages, but dispensaries have debuted at a slower pace than expected.
Les mer »
Texas has gone big with renewable energy. Why can’t it go all the way?The biggest barriers to making Texas’ power grid 100 percent renewable have little to do with politics.
Les mer »