Energy and Environment

Major developer halts two New Jersey offshore wind projects in blow to Biden goals

By Breanne Deppisch
Published November 1, 2023 2:18pm ET
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Major developer halts two New Jersey offshore wind projects in blow to Biden goals
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. The Danish-based company said Wednesday that impairments had surged to $5.6 billion as it was forced to halt the construction of two New Jersey offshore wind farms, Ocean 1 and Ocean 2. […]

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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Biden Administration Climate Change Green Agenda New Jersey Wind Energy