Danish Company Ørsted Pulls Out of Billion-Dollar NJ Offshore Wind Turbines Project

KATIE SOBKO and COLLEEN WILSON / NORTHJERSEY.COM – The Danish energy company, Ørsted, announced Tuesday they would be pulling out of the billion-dollar project to build wind turbines off the New Jersey coast, a week before an election in which offshore wind has been a controversial political topic.

The company will cease development of the Ocean Wind 1 and 2 projects, which were supposed to be built off the coast of Atlantic City …