Following a call by its Board of Administrators, Ørsted introduced it would stop growth of the Ocean Wind 1 and Ocean Wind 2 tasks off the coast of New Jersey.
“Macroeconomic components have modified dramatically over a brief time frame, with excessive inflation, rising rates of interest, and provide chain bottlenecks impacting our long-term capital investments,” stated David Hardy, Group EVP and CEO Americas at Ørsted. “Consequently, we’ve got no alternative however to stop growth of Ocean Wind 1 and Ocean Wind 2. We’re extraordinarily disenchanted to should take this choice, significantly as a result of New Jersey is poised to be a U.S. and world hub for offshore wind vitality. I wish to thank Governor Murphy and NJ state and native leaders who helped help these tasks and proceed to steer the area in growing American renewable vitality and jobs.”
The choice to stop growth of Ocean Wind 1 and Ocean Wind 2 is a part of an ongoing evaluation of Ørsted’s U.S. offshore wind portfolio with an replace deliberate for its This autumn 2023 outcomes announcement. The corporate stays dedicated to the U.S. renewable vitality trade, together with offshore wind and land-based applied sciences.
Ørsted intends to retain the seabed lease space for Ocean Wind 1 (1.1 GW) and Ocean Wind 2 (1.148 GW) and can think about finest choices going ahead. The corporate goes ahead with Revolution Wind (794 MW) off Connecticut and Rhode Island; South Fork Wind (130 MW) off New York; Dawn Wind (880 MW) off New York, if authorized by the state; and Skipjack Wind off Maryland, if authorized by state.
“We stay dedicated to the U.S. renewable vitality market, constructing clear energy that may create jobs throughout applied sciences and states from the Northeast to Texas,” Hardy stated. “Offshore wind vitality stays an integral resolution to serving to the U.S. meet its clear vitality ambitions, together with job creation, a home provide chain and a reinvigorated maritime trade.”
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