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More than half of U.S. offshore wind contracts are canceled or at risk of being canceled

The canceled contracts could likely be renegotiated

Of the 17.4 gigawatts of offshore wind capacity contracted for development, over half have been canceled or are at risk of being canceled, meaning the contracts are being renegotiated, according to BloombergNEF.

Citing data from ClearView Energy Partners and the Energy Department, BloombergNEF reports that 5.4 gigawatts of the target 17.4 gigawatts are under contracts that have been canceled, representing 31% of the goal.

The contracts for 4.2 gigawatts of capacity, representing 24.1% of the goal, are being renegotiated.

In October, New York authorities denied requests from wind developers Orsted, BP and Equinor to renegotiate their contracts for four offshore wind projects and 86 land-based projects.

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4 thoughts on “More than half of U.S. offshore wind contracts are canceled or at risk of being canceled”

  1. I’m not a lawyer but it seems to me that this judge should either be removed from this trial or a mistrial should be declared. It is evident that he has already, even before the trial began, made up his mind. He has even decided that he doesn’t care what Trump has to say. Does this sound impartial or fair to anyone?

  2. OMG, we desperately need expensive windmill electricity operating part-time to run the new miracle trains running up and down the east coast. It’s Bribem’s train set.

    Less More will keep the spending faucet open.

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