Energy

DPU approves wind farm contracts despite financing concerns

DPU approves wind farm contracts despite financing concerns

Avangrid says it can’t build project at approved power price

By Bruce Mohl Electricity, Energy, Offshore Wind 0 Comments Dec 30, 2022

A correction has been added to this story. THE DEPARTMENT OF PUBLIC UTILITIES on Friday approved 20-year power purchase agreements between the state’s three major utilities and the offshore wind developers behind Commonwealth Wind and Mayflower Wind, rejecting claims and concerns raised by the developers that the contracts are no longer adequate to finance their(...)

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