U.S. Offshore Wind Faces Stormy Weather
Offshore wind in the U.S. has encountered an economic tsunami. Long-standing power purchase agreements (PPAs) going back years, the financial foundations for nascent wind projects, are cratering. A new U.S. government offshore wind site auction failed to attract substantial interest. On Monday (Oct. 2), Connecticut-based Avangrid, a U.S. subsidiary of Spain’s Iberdrola, announced it was… More U.S. Offshore Wind Faces Stormy Weather