Christie administration officials, while declining to comment on the Fishermen’s project, noted that it was the regulator, not the governor, that stopped the project from moving forward. A spokesman pointed to other environmental accomplishments such as promoting solar energy.
Library filed under Offshore Wind from New Hampshire
The circular logic of REC market fundamentals would have low REC pricing jeopardizing future development. As renewable energy project profit margins get squeezed, fewer projects will be built and forward REC prices would rebound as forward supply tightens.The worry is that offshore wind projects could break this self-correcting market logic in the New England Power Pool (NEPOOL).
"There's a lot of things happening at once here and it can look a little chaotic out there, but eventually something is going to happen. And it's going to be good," he said in a phone interview Friday.