Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026.
Land-based wind turbines in Atlantic City, N.J., turn on July 20, 2023. On Aug. 30, the offshore wind energy company Orsted said it is delaying its first offshore wind project in New Jersey until some time in 2026; it had previously been due to be completed by 2024.
“As it stands today, we believe the best direction is to continue to invest in these projects,” said David Hardy, an executive vice president and CEO of the company's North American operations. “It still is the better choice than walking away today.” However, during Wednesday's call, the company said it is “reconfiguring” Ocean Wind II and its Skipjack Wind project off the coasts of Maryland and Delaware because they do not currently meet its projected financial standards. It did not give details of what that reconfiguration might entail.
“It was a travesty when Gov. Murphy bailed out Orsted at the expense of New Jersey taxpayers the first time they threatened to walk away," said Republican state Sen. Michael Testa. “I’m calling on the Murphy administration to state unequivocally that our residents will not be sold out for Orsted a second time. Supply chain issues and rising inflation prove that these projects are unsustainable and the cost of continuing these projects will be too much of a burden for our state to bear.
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