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Wind energy developer Orsted will pay N.J. $125 million for canceled projects

Wind energy developer Orsted will pay N.J. $125 million for canceled projects
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WindAction | Orsted will pay N.J. $125M for pulling out of wind projects

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. ....

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Murphy accelerates offshore wind construction, announces settlement with Ørsted

Murphy accelerates offshore wind construction, announces settlement with Ørsted
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US BOEM Finalizes EIS for Two Wind Projects Offshore New Jersey

The BOEM completed the final EIS for two wind projects by Shell and EDF in New Jersey waters. ....

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United States - Energy Law - US Offshore Wind Highs And Lows

Globally, offshore wind energy development has seen explosive growth. By the end of 2022, total global offshore wind capacity in operation had reached 64.3GW. ....

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