Blow to Orsted, Equinor and BP as New York rejects pleas for offshore wind contract relief leaving 4GW in limbo

Regulator said cost hikes of up to 55% would have substantial ratepayer impacts and were ‘fundamentally inconsistent' with commission policy

NY Governor Kathy Hochul. — NY Governor Kathy Hochul.Foto: Metropolitan Transportation Authority via Flickr https://creativecommons.org/licenses/by/2.0/

Tim Ferry

Published 12 October 2023, 20:52Updated 30 April 2024, 02:44

Americas New York NYSERDA Kathy Hochul Equinor