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Soaring Costs Stress US Offshore Wind Companies, Ruin Margins
August 1, 2023 By Atin Jain, Senior Associate, Wind, BloombergNEF The US offshore wind industry faces a perfect storm of rising costs, permitting delays and grid connection hurdles – all leading to low returns. Inflation and supply chain challenges have driven up capital expenditure, while financing costs have spiraled due to rising interest rates. Developers want to…
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Champlain Hudson Power Express Project
The Champlain Hudson Power Express (CHPE) is an innovative renewable power transmission project that is ready to deliver REAL. CLEAN. POWER. to New York. The project will play a key role in the state’s energy transformation, lowering greenhouse gas emissions, creating jobs and generating billions of dollars in new investment in New York’s economy while delivering low-cost…