Tag Archives: may be cancelled
Offshore wind projects may be cancelled in NJ, according to report
Already facing a series of lawsuits and opposition from state and local officials, Danish wind power developer Orsted is reporting huge financial losses. Those losses, company officials warned, could reach $2.3 billion in the U.S and may force the cancellation of projects of the New Jersey coast. In a conference call with investors, Orsted CEO Mads Nipper told them, “If the walk-away scenario is the economical, rational decision for us, then this remains a real scenario for us.” Orsted is considering “walking away” from or cancelling projects in New Jersey, New York, Rhode Island, Connecticut and Maryland. >>click to read<< 08:48
