OSW Developers Seeking More Money from New York
Beacon, Empire, Sunrise Say Deals Negotiated Years Ago No Longer Viable
In a petition Wednesday, developers sought higher payment for the Sunrise Wind project in New York, saying they did not think they could obtain financing under terms negotiated a few years ago. | Shutterstock
Jun 7, 2023
Developers of offshore wind in New York said Wednesday that decades-high inflation and interest rates mean deals negotiated years ago aren't viable anymore.
