New England states join to buy offshore wind power as US industry struggles

A construction barge and crane float next to the first jacket (C) installed to support a turbine for a wind farm in the waters of the Atlantic Ocean off Block Island, Rhode Island July 27, 2015. REUTERS/Brian Snyder//File Photo Acquire Licensing Rights

Oct 4 (Reuters) – Three U.S. states in New England – Massachusetts, Rhode Island and Connecticut – on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising equipment and labor costs have made some projects uneconomic.

By joining forces, the states hope to counter the pain rippling across the nascent […]

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