Stay updated with breaking news from Oceantic Network. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The decision by the wind energy developer Orsted to cancel the two projects is raising new concern over the financial viability of the nascent offshore wind industry in the U.S.
Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry.
The decision by the wind energy developer Orsted to cancel the two projects is raising new concern over the financial viability of the nascent offshore wind industry in the U.S.
Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry.
Read BNOW rebrands to Oceantic Network to reflect broader renewables agenda and other wind energy news & analysis on Windpower Monthly