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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 Jersey's clean energy plans, a Danish company behind the state's 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.