"None of the contracts are financially viable anymore because of tariffs. For a renewable project to get built, it has to be in the black a little bit. It can't be in the red. You just can't get a loan for that, and so the projects remain unbuilt."
"The projects are fully permitted and ready to go, but they have not broken ground. Developers bid the contracts just before Trump took office. The tariffs increased project costs by as much as 30%, according to Alliance for Clean Energy New York, a nonprofit that promotes renewable power and has been speaking to developers."
"The developers have already gone through the difficult and time-consuming process of striking agreements with the New York State Energy and Research Development Agency, the government authority tasked with boosting the state's clean energy. This includes siting projects, acquiring permits and undergoing environmental reviews."
Renewable energy developers in New York face a critical impasse as Trump's tariffs have increased construction costs by up to 30%, rendering fully permitted projects financially unviable. More than two dozen solar and wind projects across upstate New York, most exceeding 100 megawatts in capacity, remain stalled despite completing the lengthy permitting and environmental review process. Tariffs on imported steel, wind turbine parts, and solar panels have made contracted projects unprofitable. Developers are trapped with binding contracts they cannot execute profitably but cannot cancel to rebid. State officials refuse to allow contract cancellations, leaving projects in limbo. The situation affects enough power generation for over 2 million households, creating a significant obstacle to New York's clean energy goals.
Read at Gothamist
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