New York Utilities Seek to Develop Solar and Wind Farms

New York utilities are shifting their focus toward renewable energy. These companies now want to build solar and wind farms. This move comes despite specific regulations in the state. Current rules have banned utilities from owning power plants. The interest in renewables marks a strategic shift. Utilities are looking for ways to expand their energy portfolios. This development follows previous restrictions on ownership. The shift highlights evolving energy goals in New York.