Wind industry deals with blowback from Orsted scrapping 2 wind power projects in New Jersey – Winnipeg Free Press
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Source: winnipegfreepress.com
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Wind industry deals with blowback from Orsted scrapping 2 wind power projects in New Jersey
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. It added fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming fossil fuels, but derided by opponents as inherently unworkable without massive financial subsidies.
Source: yahoo.com
Danish wind giant Orsted calls America 'the most painful part of our portfolio' after offshore projects scrapped
Orsted is writing off $4 billion and its stock is down more than 25%.
Source: fortune.com
Officials speak on end of wind farm plan in New Jersey
Ørsted said Tuesday it will stop development of its Ocean Wind 1 and 2 projects off the Jersey Shore. Here is what local and state officials have had to say about it.
Source: pressofatlanticcity.com
In a setback for wind industry, 2 large offshore projects are canceled in N.J. : NPR
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.
Source: npr.org