Blow Hearts Are Breaking as NY Wind Projects Blow Apart
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Three New York wind projects were nixed Friday after GE Vernova canceled a behemoth machine with longer blades and a taller tower.
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The prospects for US wind farms offshore, however, remain uncertain. The country’s nascent offshore industry is struggling to adjust to inflation, supply-chain issues and other factors that have driven up costs. Many projects are in jeopardy as developers are forced to recalculate the figures for proposals originally modeled years ago, with some delayed or even canceled.
Onshore wind, unlike offshore, is turning a corner as project economics improve and developers make sense of a landmark 2022 climate law.