New Jersey Terminates Ocean Wind Projects Amidst Environmental Concerns
The New Jersey Board of Public Utilities (NJBPU) has officially revoked its prior approvals for the Ocean Wind One and Ocean Wind Two offshore wind projects. This decision comes after Cape May County filed lawsuits challenging the projects, citing environmental concerns. The State has agreed to allow Orsted, the foreign corporation behind the projects, to retain $175 million in escrow funds in exchange for the cancellation. “Today is a very important day in our ongoing opposition to these environmentally destructive offshore wind projects,” said Cape May County Commission Director Len Desiderio. “The vacation of these Orders by the BPU means that it will be much more difficult for Orsted or any other Big Wind company to utilize these lease areas just a few miles off Cape May County beaches. As we have seen in Nantucket over the past few weeks, these industrial electricity-generating facilities represent an unacceptable threat to our environment and, consequently, to our local economy. more, >>CLICK TO READ<< 06:44
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