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.
Land-based wind turbines turn in Atlantic City, N.J. on July 20, 2023. On Oct. 2, 2023, New York based Attentive Energy said it plans to build a wind energy farm 42 miles off the coast of Seaside Heights, N.J., the farthest offshore of the seven wind projects publicly proposed for New Jersey and among the farthest offshore on the U.S. East Coast.
“However, the significant adverse developments from supply chain challenges, leading to delays in the project schedule, and rising interest rates have led us to this decision,” Nipper said. Orsted, the world's largest wind energy developer, warned in August that it might walk away from one or both of its New Jersey projects, which it said needed more financial subsidies beyond a tax break approved by the state that would have let the company keep as much as $1 million in tax credits that otherwise would have had to be returned to electricity ratepayers.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Orsted scraps 2 offshore wind power projects in New Jersey, citing supply chain issuesDanish energy developer Orsted is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to the financial viability of a nascent industry the Biden administration is counting on to help transition away from the burning of planet-warming fossil fuels.
Read more »
Orsted scraps 2 offshore wind power projects in New Jersey, citing supply chain issuesDanish 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 »
New York, New Jersey voter guide: What to know for Nov. 7 general electionHere are some key dates and deadlines to know before you go, along with a look at some issues on the ballot in New York City.
Read more »
New Kids on the Block coming to New Jersey, Long IslandNew Kids on the Block announced Monday the Magic Summer Tour, with stops at Jones Beach, Long Island, and the PNC Bank Center in New Jersey.
Read more »
New Jersey man reunites with hospital team that saved his life with marathon CPR session24-year-old Kyle Hewlett has a lot to be thankful for after the critical care team at Holy Name Medical Center did CPR on him for over an hour.
Read more »
Taylor Swift, Cardi B, extra guacamole: How New Jersey’s governor spent $12K on stadium concessionsThe request came after POLITICO obtained records of taxpayer spending.
Read more »