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Park City Wind collapsed last October. Connecticut is now racing to secure new offshore wind energy to benefit its ratepayers. Permitting laws, interest hikes and the Jones Act stand in the way — also, they’re going to need a bigger boat.
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Avangrid opted to pay a $16 million penalty to terminate its power purchase agreement with the Connecticut Electric Distribution Companies for Bridgeport-based Park City Wind, the state's largest offshore wind project.
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The Park City Wind project would not be visible from the shoreline in Connecticut, but it could bring close to $900 million in economic development and provide energy cost savings to Connecticut ratepayers. Officials said construction will likely start in 2024.
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America’s first major offshore wind farm has signed a lease for property in Bridgeport, Connecticut. The company said it will be a staging ground to build…