US denies offshore wind developers pleas to annul contracts

Several offshore wind developers seeking construction postponement of two major projects. Companies claim inflation and surging interest rates have made the projects economically inviable.

Long-standing offshore wind park off Massachusetts, USA. | Photo: Michael Dwyer/AP/Ritzau Scanpix

by DANIEL LOGAN

Regulators in state of Massachusetts denied requests to cancel power purchase agreements (PPA) of two major offshore wind projects.

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