2 offshore wind power projects in New Jersey scrapped by Orsted
Headline from FOX 29 Philadelphia
Danish 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.
FOX 29 Philadelphia's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Danish 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.
The move by Orsted, a Danish company, adds fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming fossil fuels.
Danish energy developer Orsted said Tuesday night it is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration and many state governments are counting on to help transition away from the burning of planet-warmin…
The cancellation of the wind projects adds uncertainty to a nascent industry the Biden administration is counting on to help transition away from planet-warming fossil fuels.
Orsted 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.
Orsted 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.
The decision by the wind energy developer Orsted to cancel the two projects is raising new concern over the financial viability of the nascent offshore wind industry in the U.S.
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.
Renewable energy firm Orsted on Wednesday halted the development of two U.S. offshore wind projects and said related impairments had surged above $5 billion, as the industry grapples with supply
The proposed green energy sources would have powered hundreds of thousands of homes. The company's decision to nix its plans brought a mix of reactions from public officials
The world’s largest offshore wind developer, Orsted, halted development Wednesday on two U.S. offshore wind projects, citing higher costs and supply chain delays.
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2 offshore wind power projects in New Jersey scrapped by Orsted | Since Then
