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Macro Economy•17 April 2026•

1 min read

Eversource Withdraws from Connecticut Solar Projects Citing High Costs

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Key Facts

1Eversource withdrew from three solar power purchase agreements totaling 54 megawatts in Connecticut.

2The company justified its decision by claiming the contracts were overpriced and lacked a comprehensive energy strategy.

3The Department of Energy and Environmental Protection (DEEP) expressed surprise, maintaining the projects would have lowered costs.

Eversource Energy has officially withdrawn from three state-supported solar power purchase agreements in Connecticut, totaling 54 megawatts. The utility company justified the move by claiming the contracts were overpriced and lacked a cohesive energy strategy, potentially increasing public benefit charges for ratepayers. In response, the Connecticut Department of Energy and Environmental Protection (DEEP) expressed surprise, maintaining that the projects were designed to lower long-term energy costs. This withdrawal highlights growing friction between major utilities and state regulators regarding renewable energy mandates. The decision is expected to delay regional clean energy targets and create uncertainty for solar developers in the area. Market analysts are monitoring the impact on Eversource (ES) shares and broader renewable energy ETFs like ICLN and TAN.