Shell-Ocean Winds' struggling SouthCoast faced another disappointment after Rhode Island decided to pause the review of a critical cable link for the Massachusetts-bound offshore wind project.
SouthCoast is one of two Massachusetts projects along with Iberdrola-controlled Avangrid’s 1.2GW Commonwealth Wind to have deals cancelled by their owners due to surging inflation and interest rates that they say have made the developments unfinanceable under existing terms.
