Page 15 - Michael Testa News Today

Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026 due to supply chain issues, higher interest rates, and a failure so far to garner enough tax credits from the federal government. The Danish company revealed the delay during an earnings conference call Wednesday, during which it said it could be forced to write off about $2.3 billion on U.S. projects that are worth less than they had been.

Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026.

Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026. The Danish company said Wednesday thats due to supply chain

Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026.

TRENTON, NJ – New Jersey Senator Michael Testa and Assemblymen Antwan L. McClellan and Erik K. Simonsen issued strong criticisms of President Biden's

Ocean City, N.J. (AP) — Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026 due to supply chain issues, higher interest rates, and a fa...

(The Center Square) — In a blow to New Jerseys clean energy plans, a Danish company behind the states first offshore wind project is delaying it until 2026, citing supply

The project is also facing higher interest rates and a failure so far to garner enough tax credits from the federal government.

The company did not say when in 2026 its Ocean Wind I project will be fully operational, and a spokesperson could not say Thursday what the new timetable is....

The Danish company said Wednesday that's due to supply chain issues, higher interest rates, and a failure so far to garner enough tax credits from the federal government.