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Wind projects want more funds for higher costs
New York State of Politics reports that, like everything else, the cost of creating wind power is going up. So now New York state Energy Research and Development Authority-contracted wind project developers want the Public Service Commission to make “inflation adjustments." Anne Reynolds, executive director of the Alliance for Clean Energy NY, said, “Just like all the household expenses have increased, the price of your groceries have increased, so has the cost to build these projects.” But, according to Reynolds, the cost increases being sought are larger than the rate of inflation, “Ranging from 27 percent for some, all the way up to 70 percent for some other projects.” About 90 renewable energy projects want the cost increases and if the Public Service Commission does not agree, Reynolds says, “A lot of them will get canceled.... Some of them may successfully rebid.” Read more about this story at New York State of Politics.