New York State Public Service Commission

New York offshore wind: “Back on track”

Earlier this month, the news coming out of New York on offshore wind was causing some dismay. The New York State Public Service Commission denied petitions submitted by Empire Offshore Wind, Beacon Wind, Sunrise Wind and the Alliance for Clean Energy New York, Inc. (ACENY) that sought to address inflationary pressures impacting project economics through adjustments to Renewable Energy Credit (REC) and Offshore Wind REC (OREC) purchase and sales agreements entered with the New York State Energy...

https://www.marinelog.com/offshore/offshore-wind/new-york-offshore-wind-back-on-track/

N.Y. Public Service Commission ruling disturbs offshore wind advocates

At the end of the day, electricity generated from offshore wind has to be paid for from consumers’ electricity bills. When those rates aren’t high enough to justify the huge investment required to get an offshore wind farm up and running, developers walk away as underscored by BOEM’s failed Texas offshore wind lease auction and the U.K.’s failed contracts for difference auction. Those were auctions for new wind farms. Now, following a New York State Public Service Commission ruling, some...

https://www.marinelog.com/offshore/offshore-wind/n-y-public-service-commission-ruling-disturbs-offshore-wind-advocates/