Shell and Ocean Winds seek to terminate PPAs on US offshore wind

Surging prices and costs squeeze Southcoast Wind project to such an extent that developers now seek to rebid new contracts to ensure project viability.
Photo: Ocean Winds
Photo: Ocean Winds
by viktor brandt kærgaard, translated by simon øst vejbæk

Southcoast Wind, formerly known as Mayflower Wind, seeks to terminate the power purchase agreements (PPAs) made during the first phase of the joint venture’s 2.4GW offshore wind farm in the state of Massachusetts, citing rising prices on materials, supply chain hiccups and financing costs.

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