Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry.
In a setback for the wind industry, 2 large offshore projects are canceled in N.J. wrvo.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wrvo.org Daily Mail and Mail on Sunday newspapers.
Details were released for an ambitious U.S. offshore wind farm project which at 42 miles off the coast of New Jersey would become one of the further y.
Anyone taking the temperature of local support this summer for wind farms planned off the Long Beach Island coast would know it runs near frigid most days. Still, Atlantic Shores Offshore Wind submitted a bid to the N.J. Board of Public Utilities earlier this month to expand its initial wind farm project, first approved in 2021.
Atlantic Shores Offshore Wind Vies for New Jersey Project - North American Windpower nawindpower.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nawindpower.com Daily Mail and Mail on Sunday newspapers.