I’m telling you – I knew my favoritest wind villains were due to announce results last night, but I didn’t dare hope for this.
Tears in my eyes when I read the tweet.
Stick a fork in the projects off the Jersey Shore – they are done.
Global offshore wind developer Orsted said Tuesday night that it is pulling out of both of its projects scheduled to be built off the coast of New Jersey, a move that enraged Gov. Phil Murphy and could be a big blow to the state’s renewable energy ambitions.
The Danish company made the announcement after a decision by its board of directors. Both the Ocean Wind 1 and 2 projects, which would have had the capacity to produce 2.2 gigawatts of renewable energy, will be scrapped.
“Macroeconomic factors have changed dramatically over a short period of time, with high inflation, rising interest rates, and supply chain bottlenecks impacting our long-term capital investments,” said David Hardy, Group Executive Vice President and CEO Americas at Orsted.
“As a result, we have no choice but to cease development of Ocean Wind 1 and Ocean Wind 2.”
Good. Next …… Ocean City.. and Rehoboth…
Good news? Not sure. Out of Jersey, will they now double down on their efforts to get richer by effing up Ocean City’s coast and marine life, jacking our utility rates through the roof, and disappearing at the first signs of maintenance problems?
Time for the plug pulling for oc too.
That’s a victory for the sea.