Offshore wind company pulls out of New Jersey projects, imperiling Biden's green agenda

Offshore wind company pulls out of New Jersey projects, imperiling Biden's green agenda

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For months, Orsted has been teasing financial problems for its two New Jersey projects, Ocean Wind 1 and Ocean Wind 2. Now both are being scrapped. David Hardy, the head of the company’s American operations, blamed macroeconomic factors, like inflation and supply chain issues. “We are extremely…

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