- Orsted, Equinor, BP and other renewable energy developers requested the New York Public Service Commission (PSC) to adjust prices in its power purchase agreements to incorporate inflation and other supply chain impact to 4 proposed offshore wind projects, including Empire Wind 1 and 2 that Seatrium has EPC (Engineering, Procurement and Construction) contracts for, and 86 land-based renewable projects.
New York utilities body denies financial relief to renewable energy developers
- - Read this at SGinvestors.io -
- According to the US Energy Information Administration, the average price of electricity across all end-customers in New York was 19.44 Ucents/kWh, ~47% higher than the national average of 13.19 Ucents/kWh, as of Jul 2023.
- - Read this at SGinvestors.io -
Equinor and BP have yet to assess the impact
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LIM Siew Khee CGS-CIMB Research | https://www.cgs-cimb.com 2023-10-13
Read also CGS-CIMB's most recent report:
2024-01-30 Seatrium - Toning Down Our Profit Expectations.
Previous report by CGS-CIMB:
2024-01-04 Seatrium - Project Cancelled, But Still An ADD.
Price targets by 4 other brokers at Seatrium Target Prices.
Listing of research reports at Seatrium Analyst Reports.
Relevant links:
Seatrium Share Price History,
Seatrium Announcements,
Seatrium Dividends & Corporate Actions,
Seatrium News Articles
