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.
BOEM Releases Final Environmental Statement on First NJ Offshore Wind Farms maritime-executive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maritime-executive.com Daily Mail and Mail on Sunday newspapers.
That figure is less than the $300 million that was at the center of the discussion about this issue when the Danish company pulled the plug on the offshore wind projects last fall.
Atlantic Shores 1 and 2 seal FEIS renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.