One company could sink Massachusetts' climate goals
Clean energy powerhouse Avangrid has dominated state efforts on offshore wind and hydropower. Suddenly, two projects are in doubt.
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Clean energy powerhouse Avangrid has dominated state efforts on offshore wind and hydropower. Suddenly, two projects are in doubt.
Shares in Denmark’s energy company, Ørsted, fell by 7% as the impact of inflation and rising costs on offshore wind farm developments become clear.
The developer behind the largest single offshore wind farm in the state's pipeline on Thursday filed a formal notice of appeal to contest the Department of Public Utilities' approval of
Commonwealth Wind parent company Avangrid has said for months that increases in commodity prices, rising interest rates and supply shortages mean that its 1,200 megawatt renewable energy project "cannot be financed and built" under the terms of the original contracts, which the wind developers and utility companies agreed to in May.
January brings with it the expectation that the United States' first commercial wind farm in federal waters will start generating power by year end…