DPU approves wind farm contracts despite financing concerns

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

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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