New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track. The solicitation by the New York State Energy Research and Development Authority (NYSERDA) was being closely watched because it allowed companies to exit old contracts and re-offer projects at higher prices. Offshore wind developers have warned that proposed facilities cannot be built profitably because of rocketing construction costs, higher interest rates and supply chain snags.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles