“The bottom line is that if offshore wind companies don’t get very generous state subsidies, or rate-payer subsidies being what they truly are, those construction projects are economically unfeasible," Harris said. "With the absence of any such subsidies, my prediction is that they won’t go forward with those projects. Offshore wind is incredibly expensive to do and would never exist without government (monies)."
Ørsted today announced that it will “reposition its Skipjack Wind project,” a combined 966-megawatt project in development off the coast of the Delmarva peninsula, for future offtake opportunities. Ørsted faced