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The soaring costs of wind power and demands for more taxpayer and ratepayer subsidies have raised concerns about the benefits of offshore wind projects in New York. Journalists and experts have questioned the claims that wind power is cheaper than coal, highlighting the industry's current crisis. New York's refusal to provide additional funding for offshore wind projects reflects the challenges faced by the sector. The controversy surrounding the offshore-wind boondoggle has attracted attention from various media outlets, including CNBC and ZeroHedge. Despite these challenges, the construction of the world's largest offshore wind farm remains underway, as seen in recent coverage by CNBC. However, the project has also been covered by tech-focused media outlet CleanTechnica.
Floating Offshore Wind Could Bring Billions In Value To The US West Coast https://t.co/z0ywreIpH3
Check out the giant ship critical to building the world's biggest offshore wind farm https://t.co/Jb8Nmg1C8z
The Offshore-Wind Boondoggle https://t.co/NQHPpbTlMq Cost overruns, writing down asset values, begging for government subsidies...
New York Refuses To Give More Money For Offshore Wind Projects As Cheap "Green" Myth Implodes https://t.co/ySIJgI9kAR
Journalists said it was cheaper to replace coal plants with wind turbines. They lied. After now the wind industry is in crisis after trying and failing to shake down New Yorkers for a 54% increase in price. https://t.co/jKo5ocAGVC
The soaring costs of wind power and demands for ever more taxpayer and ratepayer subsidies raise a simple but key question: Who will benefit from these projects? https://t.co/EJd8sKVe4r via Jonathan Lesser