ENERGY
N.J. Gov Supports Offshore Wind Power as Developer Delays Huge Project to 2026
KARIN PRICE MUELLER / NJ.COM – New Jersey’s controversial offshore wind power projects could be in jeopardy as Danish renewable energy developer Ørsted reported Wednesday it is facing huge financial losses.
Ørsted officials told investors that supply chain problems and other issues may cause it to write off more than $2.2 billion in losses and could lead to the cancellation of its work off the Jersey Shore and other areas on the East Coast …