The company that received millions to build an offshore wind farm off the coast of Ocean City said there are financial challenges.
The head of the Danish power company “Ørsted’ told the Wall Street Journal money troubles threatened to derail several East Coast projects. Issues with the supply chain, rising interest rates and inflation have made it expensive to build.
Ørsted is getting tens of millions to build wind farms including a staging center at Tradepoint Atlantic in Baltimore County.
The wind farm would power more than 600,000 homes in Maryland.
millions to power a few hundred thousand mmmmmmmm and more money is needed . Who is supplying the money?
Duuuuuh. Big surprise! NOT….
“The wind farm would power more than 600,000 homes in Maryland.”
Intermittently, and when you don’t need the power.
That’s not how wind power works.
Just call Boss Hogg Hogan !!! He has Plenty to Throw away !!!!!
Why are we paying a foreign company to do this in the first place?