05/01/2023at 13:37

US denies offshore wind developers pleas to annul PPAs

Several offshore wind developers seeking construction postponement of two major projects. Companies claim inflation and surging interest rates have made the projects economically inviable.

Long-standing offshore wind park off Massachusetts, USA. | Photo: Michael Dwyer/AP/Ritzau Scanpix

BY DANIEL LOGAN, TRANSLATED BY SIMON ØST VEJBÆK

Regulators in state of Massachusetts denied requests to cancel power purchase agreements (PPA) of two major offshore wind projects.

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US offshore wind developers continue to seek annulment as viability sags
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Avangrid wants PPAs denied for "no longer viable" offshore wind farm
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Avangrid wants to renegotiate "no longer viable" US offshore wind farm
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