Wind energy developer Orsted will pay N.J. $125 million for canceled projects inquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.com Daily Mail and Mail on Sunday newspapers.
New Jersey Gov. Phil Murphy’s office announced Tuesday that global renewable energy giant Orsted will pay the state $125 million for pulling out of two offshore wind projects off the coast last year, a move that upended a key part of the state’s clean energy program. Murphy’s administration said it plans to use the money to further support offshore wind projects by investing in manufacturing facilities and other clean energy programs. It also announced plans for a fifth offshore wind project.
LONG BEACH TOWNSHIP, N.J. New Jersey is seeking a new round of proposals to build wind energy farms off its coastline, forging ahead with its clean energy goals even as local opposition and challenging economics create blowback to the effort.
Brigantine City Council is encouraging all municipalities to oppose offshore wind and called on the Atlantic County Board of Commissioners to use its powers, including legal actions, to try to stop wind turbine projects from being built just a few miles off the state s coast.