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WindAction | Filings show N.Y. green energy could cost consumers 64 percent more

In February, the Port of Albany said the costs to build a wind tower factory have grown to $604 million from earlier estimates of $350 million, necessitating more aid. This month, wind developers Equinor and BP said they would need to renegotiate contracts in light of inflation. It was not immediately clear what impact these increases could have on consumer electricity prices. The strike price represents a base line that power generators are guaranteed for their electricity. And NYSERDA’s 64 percent estimate represents an average increase, weighted by the size of the projects, if all the increases were approved. ....

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