Offshore wind power company asks to cancel its New Jersey project
A company developing an offshore wind power project for New Jersey has filed a request to cancel its plans, citing economic and political headwinds. Atlantic Shores Offshore Wind, based in Brooklyn, petitioned the New Jersey Board of Public Utilities on June 4 to terminate its OREC order, or Offshore Renewable Energy Certificates order. The company, which is a partnership between power and fuel company Shell and EDF Renewables North America, was in the process of developing a 1.5-gigawatt wind turbine power project east of Atlantic City. Had it been constructed, the project would have powered about 700,000 homes across the state. more, >>CLICK TO READ<< 08:35
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