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. The company said Tuesday it is scrapping its Ocean Wind I and II projects in southern New Jersey. The company cited supply chain issues as a reason to halt the projects. The company said it would move forward with its Revolution Wind project in Connecticut and Rhode Island.
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Danish energy developer Orsted said Tuesday night it is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to a nascent industry.