Renewable energy firm Orsted on Wednesday halted the development of two U.S. offshore wind projects and said related impairments had surged above $5 billion ...
The development was the centerpiece of New Jersey's offshore wind plans and would have provided power to 1 million people.
Danish company's CEO cites escalating costs in global offshore wind industry as shares fall.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world's largest offshore wind developer Ørsted has abandoned two US ...
The company cited "supply chain bottlenecks impacting our long-term capital investments" as a reason for the move.
Ørsted said Tuesday it will cease development of its Ocean Wind 1 and 2 projects off the Jersey Shore.
The company will “cease development” on Ocean Wind 1 and 2, but said it will be moving ahead with the 700-MW Revolution Wind farm offshore Rhode Island and ...
Danish company Ørsted will cease development of the Ocean Wind 1 and 2 projects, which were supposed to be built off the coast of New Jersey.
July 6, 2023: In the shadow of a monopile for an offshore wind turbine at the Paulsboro Marine Terminal, Gov. Phil Murphy signs legislation to promote the ...
The company will “cease development” on Ocean Wind 1 and 2, but said it will be moving ahead with the 700-MW Revolution Wind farm offshore Rhode Island and ...
Fallout from Ørsted's decision to abandon its Ocean Wind 1 and 2 projects off New Jersey continues to reverberate through the fledging U.S. offshore wind ...
The decision by Ørsted to deep-six its two wind farm projects off the South Jersey coast creates double trouble — economic and environmental.