WindAction | New York rejects offshore wind, onshore renewables request for larger subsidies
Gov. Kathy Hochul’s administration Thursday rejected a request from companies for bigger payments to complete large-scale wind, solar and offshore wind projects — leaving the developments in doubt and threatening New York’s ability to meet its climate goals. The dismissal by the Public Service Commission sets off a scramble for developers to decide whether to cancel contracts with NYSERDA, sacrificing millions of dollars in security payments. It also places New York’s clean-energy ambitions in peril. The state’s landmark climate law requires 70...
Source: windaction.org
