Page 47 - Ocean Wind News Today

Ørsted cancelled Ocean Wind I and II, but still has plans in Rhode Island.

The decision is ominous news for a nascent sector that could play a key role in solving the climate crisis, and one that is still trying to find its wings in the US...

Following a decision by its Board of Directors, Ørsted announced it will cease development of the Ocean Wind 1 and Ocean Wind 2 projects off the coast of

Read Ørsted share price crashes by a quarter as company reports billions in losses and other wind energy news & analysis on Windpower Monthly

Danish renewable energy group Ørsted plummeted on the Copenhagen Stock Exchange on Wednesday, following the cancellation of a huge offshore wind farm project…

(The Center Square) — New Jerseys leaders are blasting a decision by a Danish energy company to back away from two major offshore wind projects off the states coastline.

Orsted booked a $4 billion impairment charge in the third quarter related to its U.S. offshore wind portfolio and said it will stop development of two wind farm projects off the coast of New Jersey amid spiraling costs and supplier delays.

The Danish energy developer expects it will write off billions of dollars as a result of the move, saying a a changed economic situation and supplier delays prompted the cancellation.

A green energy company on Tuesday pulled the plug on two wind projects off the coast of New Jersey which were approved for an estimated $1 billion in taxpayer-funded subsidies by Democratic Gov. Phil Murphy and state lawmakers.

I’m telling you – I knew my favoritest wind villains were due to announce results last night, but I didn’t dare hope for this. Tears in my eyes when I read the tweet....