Avangrid bids to shelve 'unfinanceable' US offshore wind giant with eye on power deal reset

Interest rate spike, supply chain constraints and inflation combining to make 1.2GW Commonwealth project's PPA 'no longer viable', developer tells state's department of public utilities

Massachusetts State House
Massachusetts State HouseFoto: William Zhang/Flickr
Published 20 December 2022, 14:57Updated 20 December 2022, 20:31
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