Ørsted Ocean City

Ørsted CANCELS New Jersey Wind Farm In a significant strategic move, Ørsted, a global leader in renewable energy, has announced the cessation of development for Ocean Wind 1 and Ocean Wind 2 projects in the United States. This decision comes as a result of a comprehensive review of Ørsted’s U.S. offshore wind portfolio, and it …

Could New Jersey’s Ocean Wind Farm Be Cancelled? On August 29th, Ørsted, the company that is looking to build wind farms off the coast of New Jersey, announced significant delays and anticipated impairments on its US offshore wind projects. This announcement has sent ripples through the renewable energy industry, raising questions about the viability of …