{"id":198576,"date":"2026-04-15T21:28:18","date_gmt":"2026-04-15T21:28:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/198576\/"},"modified":"2026-04-15T21:28:18","modified_gmt":"2026-04-15T21:28:18","slug":"nys-green-elephant-climate-projects-are-collapsing-under-weight-of-math","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/198576\/","title":{"rendered":"NY\u2019s \u2018green elephant\u2019 climate projects are collapsing under weight of . . . math"},"content":{"rendered":"<p>Nearly two dozen New York clean energy projects are likely to get scrapped because the financial math doesn\u2019t add up \u2014 though the state powers that be don\u2019t want to admit that it never did.<\/p>\n<p>Officially, the New York State Energy Research Development Authority, aka NYSERDA, is simply refusing to renegotiate state contracts to build various wind and solar plants, likely leading its counterparties to pull out.<\/p>\n<p>These companies want more cash because the projects\u2019 costs have soared since the deals were inked \u2014 mainly because NYSERDA winked at unlikely early estimates with an expectation that it would OK more realistic numbers later on.<\/p>\n<p><img style=\"aspect-ratio:1.49926794;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"39095890\" width=\"885\" height=\"590\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/04\/new-york-governor-kathy-hochul-125699920.jpg\" alt=\"Gov. Kathy Hochul speaking at an event in her Midtown office on April 15, 2026.\" class=\"wp-image-39095890\"  \/>With an eye on her left flank, Hochul is still fudging the facts, claiming only that \u201cwe need a longer runway\u201d to meet the climate law\u2019s goals, The Post Editorial Board writes. Stephen Yang for NY Post<\/p>\n<p>In at least one earlier round, it simply rebid the contracts to reflect true costs, but that game is up now that those costs are becoming undeniable, and consumers are already screaming at the <a href=\"https:\/\/nypost.com\/2026\/03\/02\/opinion\/brace-for-thousands-more-in-energy-costs-unless-albany-fixes-nys-insane-climate-law\/\" rel=\"nofollow noopener\" target=\"_blank\">electric rate hikes <\/a>needed to cover the bills.<\/p>\n<p>\t\t\tMore From\t\t\t\t\t\t\tPost Editorial Board<\/p>\n<p>It\u2019s all part of the con that is New York\u2019s 2019 Climate Act, a scam that set insane goals for decarbonizing the state\u2019s electricity grid and outlined imaginary steps to paint the transition as practical.\u00a0<\/p>\n<p>Green ideologues always figure deception is the best way to get governments started on such \u201creforms,\u201d hoping they can then hector the politicians into <a href=\"https:\/\/nypost.com\/2026\/03\/09\/opinion\/dark-days-loom-for-new-yorkers-as-climate-law-promises-blackouts-cost-hikes\/\" rel=\"nofollow noopener\" target=\"_blank\">keeping the scam going<\/a> by concealing how exorbitant the costs really are.<\/p>\n<p><a href=\"https:\/\/nypost.com\/2026\/01\/23\/opinion\/electricity-bills-are-out-of-control-because-of-andrew-cuomo-and-green-madness\/\" rel=\"nofollow noopener\" target=\"_blank\">Then-Gov. Andrew Cuomo jumped on board<\/a> as he eyed a presidential run; his successor, Kathy Hochul, declined to call out the lunacy until now, when she\u2019s running for re-election as the economic pain starts to hit.<\/p>\n<p>\t\t\t\t\t\t\tGet opinions and commentary from our columnists\t\t\t\t\t\t<\/p>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tSubscribe to our daily Post Opinion newsletter!\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tThanks for signing up!\n\t\t\t\t<\/p>\n<p>With NYSERDA under orders to quit wasting money, roughly 60% of large-scale wind- and solar-farm contracts have gotten tossed, with more to come.<\/p>\n<p>With an eye on her left flank, <a href=\"https:\/\/nypost.com\/2026\/03\/21\/opinion\/hochul-finally-admits-economy-killing-climate-law-is-toxic-for-ny-she-should-end-it\/\" rel=\"nofollow noopener\" target=\"_blank\">Hochul is still fudging the facts<\/a>, claiming only that \u201cwe need a longer runway\u201d to meet the climate law\u2019s goals.<\/p>\n<p>In reality, she and the Legislature will soon enough have to choose between infuriating the greens and outraging the voters; the public should worry now that they\u2019ll make the wrong choice once they\u2019re past this November\u2019s election. <\/p>\n<p>On this front, <a href=\"https:\/\/nypost.com\/2026\/04\/09\/us-news\/blakeman-wants-to-liquidate-nys-green-energy-fund-and-give-2-4b-back-to-taxpayers\/\" rel=\"nofollow noopener\" target=\"_blank\">Hochul\u2019s GOP opponent, Nassau Exec Bruce Blakeman, has it right<\/a>: Albany needs to call the whole thing off ASAP.<\/p>\n<p>If Albany gets away with simply kicking the can, it\u2019s likely to kick regular New Yorkers in the head after Election Day.<\/p>\n","protected":false},"excerpt":{"rendered":"Nearly two dozen New York clean energy projects are likely to get scrapped because the financial math doesn\u2019t&hellip;\n","protected":false},"author":2,"featured_media":198577,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[304,7442,4762,19475,426,9,24,63,21755,299,122,124,123,7441],"class_list":{"0":"post-198576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-queens","8":"tag-editorial","9":"tag-electricity","10":"tag-energy","11":"tag-green-energy","12":"tag-kathy-hochul","13":"tag-new-york","14":"tag-new-york-city","15":"tag-nyc","16":"tag-offshore-wind","17":"tag-opinion","18":"tag-queens","19":"tag-queens-headlines","20":"tag-queens-news","21":"tag-solar-power"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/198576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=198576"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/198576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/198577"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=198576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=198576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=198576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}