NY’s ‘green elephant’ climate projects are collapsing under the weight of . . . math
Cătălin Roșioru
Nearly two dozen New York clean energy projects are likely to get scrapped because the financial math doesn’t add up — though the state powers that be don’t want to admit that it never did. Officially, the New York State Energy Research Development Authority, aka NYSERDA, is simply refusing to renegotiate state contracts to build various wind and solar plants, likely leading its counterparties to pull out. These companies want more cash because the projects’ costs have soared since the deals
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