New York’s Governor Kathy Hochul spelled out a 10-point plan for the state’s large-scale renewable vitality sector – together with an “accelerated” course of to backfill any tasks cancelled because of regulators’ resolution to not recast current energy offers for inflation-challenged offshore wind tasks.
The plan, which says new offers may have inflation indexing as a “core precept”, emerged hours after New York’s Public Service Fee (PSC) rejected pleas by joint ventures of Equinor-BP and Orsted-Eversource for will increase to offtake contracts as excessive as 55%, leaving a query mark over the way forward for 4GW of contracted wind energy.
