Orsted's announcement that it was abandoning its New Jersey offshore wind projects was akin to abruptly snatching away key pieces of the state's renewable energy puzzle.
Land-based wind turbines in Atlantic City. Danish company Orsted has canceled plans for an offshore wind farm that would have powered about a million homes. Atlantic City was counting on jobs that the project would have created.this week that it is abandoning both of its massive projects planned off the New Jersey coast is a stinging blow to Gov. Phil Murphy’s ambitious goal of addressing climate change that threatens the state’s coast.
“Today’s decision by Orsted to abandon its commitments to New Jersey is outrageous and calls into question the company’s credibility and competence,” the governor said in a statement. “As recently as several weeks ago, the company made public statements regarding the viability and progress of the Ocean Wind 1 project.”
From 2021: With offshore wind, New Jersey could be launching its biggest job creator ‘since the casinos’ “Atlantic Shores remains committed to delivering safe, reliable, renewable power and establishing a thriving domestic offshore wind industry anchored in New Jersey,” Joris Veldhoven, the company’s CEO said in an emailed statement to The Inquirer on Wednesday. “This means supporting New Jersey in meeting its clean energy goals and driving economic growth.”
The leases spanned 480,000 acres in the New York Bight, which, despite the name, falls mostly off the coast of New Jersey, spanning from Long Island, N.Y., to Cape May.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Offshore Wind Faces New Setback as Ørsted Halts Big New Jersey ProjectsDanish firm Ørsted, the world’s largest offshore-wind developer, will stop work on two projects in New Jersey due to cost increases and delays.
Read more »
Orsted scraps 2 offshore wind power projects in New JerseyOrsted stands to lose a $100 million guarantee it posted with New Jersey earlier this month that it would build Ocean Wind I by the end of 2025. That money could be returned to ratepayers.
Read more »
Orsted scraps 2 offshore wind power projects in New Jersey, citing supply chain issuesDanish energy developer Orsted said it is canceling its Ocean Wind I and II projects in southern New Jersey, citing supply chain issues and rising interest rates.
Read more »
2 offshore wind power projects in New Jersey scrapped by OrstedDanish 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.
Read more »
Orsted cancels two New Jersey offshore wind projects, takes $4 billion writedownThe Danish wind developer Orsted announced a $4 billion impairment and canceled two offshore New Jersey wind projects.
Read more »
Orsted cancels two New Jersey offshore wind projects, takes $4 billion writedownThe Danish wind developer Orsted announced a $4 billion impairment and canceled two offshore New Jersey wind projects.
Read more »