Ørsted

2023 - 11 - 1

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Image courtesy of "Reuters"

‍Orsted hit by up to $5.6 billion impairment on halted US projects (Reuters)

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 ...

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Image courtesy of "E&E News"

Ørsted cancels N.J. project in major blow to offshore wind (E&E News)

The development was the centerpiece of New Jersey's offshore wind plans and would have provided power to 1 million people.

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Image courtesy of "The Guardian"

Ørsted cancels two US offshore windfarm projects at £3.3bn cost (The Guardian)

Danish company's CEO cites escalating costs in global offshore wind industry as shares fall.

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Image courtesy of "Financial Times"

Ørsted shares tumble after company ditches two US wind projects (Financial Times)

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 ...

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Image courtesy of "Axios"

Ørsted halts New Jersey wind power projects in blow for Biden's ... (Axios)

The company cited "supply chain bottlenecks impacting our long-term capital investments" as a reason for the move.

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Image courtesy of "Press of Atlantic City"

'David defeats Goliath!': South Jersey officials celebrate end of ... (Press of Atlantic City)

Ørsted said Tuesday it will cease development of its Ocean Wind 1 and 2 projects off the Jersey Shore.

Ørsted cancels two offshore wind projects along New Jersey coast (Utility Dive)

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 ...

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Image courtesy of "NorthJersey.com"

Danish company Ørsted pulls out of billion-dollar NJ offshore wind ... (NorthJersey.com)

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.

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Image courtesy of "NJTV News"

What happens to NJ's plans for offshore wind after Ørsted? (NJTV News)

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 ...

Ørsted cancels two offshore wind projects along New Jersey coast (Smart Cities Dive)

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 ...

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Image courtesy of "National Fisherman"

Ørsted's withdrawal shocks friends and foes (National Fisherman)

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 ...

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Image courtesy of "NJ Spotlight News"

Supporters still bullish on NJ offshore wind despite Ørsted exit (NJ Spotlight News)

The decision by Ørsted to deep-six its two wind farm projects off the South Jersey coast creates double trouble — economic and environmental.

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