Tag Archives: Assemblyman Gerry Scharfenberger
The Financial Viability of New Jersey’s Offshore Wind Farms Possibly in Jeopardy
The final nail in the coffin for offshore wind energy projects on the East Coast might be in danger by the policies of the very same people touting clean energy. Politicians like New Jersey Governor Phil Murphy and President Joe Biden, more specifically, their economic policies on energy, inflation, labor and equity could be the foundation for the failure of the very programs they are trying to enable. Inflation, supply chain issues, and the increase in goods and services due to raw materials and crude oil prices could eventually sink their plans for massive offshore wind energy farms. New Jersey is not alone in facing challenges with offshore wind energy. Connecticut’s Park City Wind, an 800-megawatt project, also finds itself in danger. >click to read< 11:37
