Page 18 - Commonwealth Wind News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CT’s utilities and Park City Wind developer Avangrid ended an agreement, saying economic headwinds have made the project no longer viable.

“After exploring all potential solutions to the financial challenges facing the project, and engaging in good-faith and productive discussions with Connecticut state officials regarding these challenges, it is clear the best path forward for Park City Wind is in the termination of the Power Purchase Agreements and a rebid of the project,” says the statement, issued at 7:41 p.m. ...According to filings with the Public Utilities Regulatory Authority, Avangrid will pay termination fees of $3.15 million to United Illuminating and $12.92 million to Eversource. Avangrid has asked...

In another troubling sign for the offshore wind industry, electric utility Avangrid announced Monday it was backing out of its agreement to provide 400,000 Connecticut homes with power from its Bridge...

(The Center Square) — Rhode Island’s largest utility will seek another proposal for offshore wind power two months after rejecting a similar clean energy project over cost concerns.

With legal deadlines looming on the path to more clean energy, Massachusetts has now lost three-quarters of the offshore wind capacity once in its pipeline after regulators allowed another developer to back out of contracts for a major installation.