Then, prices began to rise in some places, with the trend becoming clear by the end of 2020.
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Prices being offered by developers selling U.S.
Developers also are having to deal with more challenges to their obtaining state and local building permits, sometimes in the form of counties passing ordinances restricting new projects.
But Collier sees a hopeful story as well, which is that demand for wind and solar remains strong, even with higher prices.
The buyers of wind and solar contracts include corporations, governments or any other entities that want the reputational and financial benefits of renewable energy.
Wind power contract prices also had steadily fallen between 2009 and 2018, with the exception of an increase in 2015.
Prices fell during the 2010s largely because manufacturers found ways to cut costs through economies of scale, which led to less expensive wind and solar components.
Sale of North Dakota’s Largest Coal Plant Now Includes Plans for a Wind Farm: Great River Energy of Minnesota is asking the rural electric co-ops that it serves to approve a revised contract to sell Coal Creek Station, the largest coal-fired power plant in North Dakota.
NextEra has been trying to get a contract to help solidify the finances of its Seabrook nuclear power plant in New Hampshire while Avangrid has been trying to build a grid connection between New England and Quebec that would increase the flow of low-cost hydropower from Canada.
“Now California is about to take a big step backward by setting up huge barriers for consumers to adopt solar power,” he wrote in an opinion piece in The New York Times.
Lake Erie Offshore Wind Project Gets More Time to Arrange Financing: Developers of the Icebreaker offshore wind farm near Cleveland have been given an extension on a federal grant to help pay for construction, staving off a potentially devastating setback.
He came to ICN in 2018 after a nine-year tenure at The Columbus Dispatch, where he covered the business of energy.
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