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Wind Power Takes $5 6 Billion Hit in the U S as Ørsted Scraps Two Projects

Multinational energy company Ørsted stopped development on two U.S. offshore wind projects, citing impairment costs of up to $5.58 billion.

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Orsted scraps 2 offshore wind-power projects in New Jersey

The company said it is canceling its Ocean Wind I and II projects in southern New Jersey, citing supply chain issues and rising interest rates.

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Ørsted walking away from New Jersey offshore wind farm plans

Ørsted said Tuesday it will cease development of its Ocean Wind 1 and 2 projects off the Jersey Shore.

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The Nashville Ledger

The Nashville Ledger
tnledger.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnledger.com Daily Mail and Mail on Sunday newspapers.

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Orsted scraps 2 offshore wind power projects in New Jer

Danish energy developer Orsted is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration is counting on to help transition away from the burning of planet-warming fossil fuels

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