The New York State Public Service Commission (NYSPSC) has denied petitions from Orsted, BP and Equinor requesting inflation adjustments to PPAs for large-scale wind, solar energy and offshore wind projects in New York.
The developers were looking to renegotiate contacts on four offshore developments, including Orsted’s 924MW Sunrise, plus 86 land-based renewables schemes.
The move has met with dismay in industry, with leaders saying it put the state’s climate goals in peril.
“With one shortsighted decision, the NYSPSC has thrown New York’s environmental and clean energy future into peril,” said American Clean Power Association chief executive Jason Grumet.
“Absent a robust offshore wind industry, it will not be possible for New York State to achieve its climate or environmental justice goals,” he added.
“Moreover, critical economic benefits from new manufacturing facilities and the revitalization of ports will be squandered along with the creation of good paying union jobs. New York State has been a national leader in the clean energy transition.
“We urge New York State to maintain its clean energy commitment and reconsider this decision.”