Two major New York offshore wind projects are back on track

" State officials said that, for the two winning projects, the weighted average all-in development cost is $150.15 per megawatt-hour over the life of the contracts. That’s significantly higher than the projects’ all-in development cost of $83.36 per MWh announced in October 2019, when NYSERDA finalized the first contracts for Empire Wind and Sunrise Wind."

150.15/83.36 ==> 80% increase

“The average bill impact for residential customers is now expected to be about $2.09per month, up from 73 cents per month under the original agreements.”

2.09/0.73 ==> 186% increase

Not such a good result for the consumer.

DB2

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