Last week, Ørsted announced that it is walking away from two large offshore wind power projects off the coast of New Jersey.
(The Center Square) — The fallout over Ørsted decision to pull the plug on New Jersey’s offshore wind projects is mounting, with Republicans calling for an audit of the state’s contract providing taxpayer subsidies to the Danish-owned company.
Last week, Ørsted announced that it is walking away from two large offshore wind power projects off the coast of New Jersey. The move delivered a major blow to the state’s clean energy plans and Gov. Phil Murphy’s push to put the coastal state at the forefront of the nation’s nascent offshore wind industry.
The company attributed the decision to scrap the projects to “significant adverse developments from supply chain challenges, leading to delays in the project schedule, and rising interest rates,” among other factors.
Murphy has called the move “outrageous” and said his legal office is looking into a provision of the company’s development agreement that requires it to pay New Jersey $300 million to support the offshore wind sector if the projects don’t proceed.
Democrats gave our tax money away once again and needs an investigation.
They will never recover allof the bribes that “oiled” this deal..