Page 18 - Commonwealth Wind News Today

Rising interest rates and materials costs have scuttled two of the state’s three offshore wind farm projects, as Healey admin prepares to take bids for the biggest yet.

The developer behind SouthCoast Wind wants to cancel its contracts and secure more money to build 1,200 megawatts of offshore wind power, throwing uncertainty over a majority of the already-approved energy capacity in the state's offshore wind pipeline.

The utility-scale projects—the 800-MW, estimated $3-billion Vineyard Wind project off Massachusetts and the 132-MW, estimated $637-million South Fork project off New York—could begin to generate power this year, their developers say.

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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 ahead for green-energy projects. 

Offshore wind projects are not immune to the Iron Law, regularly experiencing vast cost overruns before a single watt is generated

From Boston’s Big Dig to California’s high-speed rail to New York’s 12 years-overdue and 300-percent over-budget East Side Access rail project, big boondoggles routinely demonstrate the validity of the rule. Offshore wind projects are not immune to the Iron Law, regularly experiencing vast cost overruns before a single watt is generated.  

The developer of Park City Wind may be trying to alter its contract with the state of CT. And that's not the only problem facing the project.

Connecticut could be in danger of losing its biggest offshore wind project — the more than 800-megawatt plan known as Park City Wind. Its developer, Avangrid — parent of United Illuminating and the A...

Healey administration seeks federal help to upgrade power grid ahead of offshore wind buildout.