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Energy Giant’s Stock Sags After It Pushes Back Deadline for NJ Offshore Wind

Ørsted says supply-chain problems, fiscal difficulties could delay NJ’s premier offshore wind initiative until 2026

TOM JOHNSON / NJ SPOTLIGHT NEWS – Ørsted, a leading developer of offshore wind projects in New Jersey and elsewhere, faces new fiscal challenges for projects off the Eastern Seaboard, which could possibly delay New Jersey’s initial undertaking off Atlantic City until 2026. In a statement issued by the Danish energy giant, the company blamed supply-chain constraints, high interest costs and lack of progress in obtaining more help from the U.S. government …

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