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New York Offshore Wind Projects in Limbo Due to GE Vernova Decision: What’s Next?

((Automatic translation by Reuters, see disclaimer https://bit.ly/rtrsauto))

(Statement added in paragraphs 3-7)

A New York state agency said Friday it was unable to reach final contractual agreements with the developers of three major offshore wind projects because of General Electric’s Vernova decision.

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plans to abandon new turbine.

The relevant projects are Attention Energy One, developed by TotalEnergies

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Rise Light & Power et Corio Generation, Offshore Wind Community, soutenu par RWE

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et National Grid Ventures

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, the New York State Energy Research and Development Authority said in a press release. Also affected is Excelsior Wind, developed by Vineyard Offshore.

The development of offshore wind power, a key part of the climate plans of President Joe Biden and many US states, has been hampered over the past year by supply chain issues and rising interest rates. , leading to several cancellations and multi-billion dollar write-downs by major developers. .

Andy Doba, a spokesman for Vineyard Offshore, said this latest set of problems was related to GE Vernova’s failure to deliver its 18-megawatt rig, and indicated that the developer intended to tender future for offshore wind power.

GE Vernova did not immediately respond to a request for comment.

Offshore wind professionals and environmental groups said the failure to reach final agreements was just a setback in plans to widely develop offshore wind in the United States.

“The US market has continued to gain momentum and while today’s announcement is disappointing, it is not unexpected and will not affect the overall fundamentals of the market”, said Oceantic Network, a trade group that specializes in offshore wind, in a statement.

“Is this a blip? Yes, but the road to success is never a straight line, there are some curves, but we’re still going to get there,” said Adrienne Esposito , executive director of the Citizens’ Initiative for the Environment.

2024-04-19 17:42:53
#York #finalized #contracts #large #offshore #wind #farms

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