NJ offshore wind developer nixes 2 major projects, hobbling Murphy's climate agenda
Danish wind giant Orsted is abandoning two major offshore projects in New Jersey, the company announced Tuesday, marking a major reversal to Gov. Phil Murphy’s climate agenda and further threatening the Mid-Atlantic’s role as a leader in U.S. offshore wind production.
“The current market situation with supply chain challenges, project delays, and rising interest rates has challenged our offshore projects in the US, and in particular our offshore project Ocean Wind 1,” company CEO Mads Nipper said in a statement Tuesday, as part of its quarterly earnings report. “Therefore, as part of our ongoing review of our US offshore wind portfolio, we’ve decided to cease the development of Ocean Wind 1 and Ocean Wind 2.
In September 2022, Murphy signed an executive order raising New Jersey’s offshore wind goal to 11,000 megawatts of capacity by 2040, a significant step towards the state’s larger aim to run on 100% clean energy by 2050. A new factory under construction in Paulsboro was set to be the largest offshore wind manufacturing plant in the U.S., according to Murphy and the site’s developers. It was expected to rejuvenate the local job market and revitalize an area that had previously languished as a wasteland for petrochemical tanks.found support for the projects had declined from over 76% in 2019 to 54%, as they became increasingly worried about the state’s tourism economy and whale deaths along the East Coast.
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