Hopes for Offshore Wind Are Blowing Away
Welders are hard at work at the Paulsboro Marine Terminal, four years after New Jersey Gov. Phil Murphy announced a $250 million investment from offshore wind energy companies in a new manufacturing facility. But instead of putting together massive monopiles to prop up wind turbines off the Jersey Shore, they’re taking them apart to sell for scrap. In 2023, Ørsted, a Danish wind developer, announced it was pulling out of two planned wind projects that would have provided about 2,200 megawatts of energy to New Jersey. Earlier this year, Shell announced it was canceling a $1 billion investment in another offshore wind project in the state. A few days later, Murphy announced that his administration wouldn’t put any more state money into offshore wind. more, >>CLICK TO READ<< 10:28
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