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OFFSHORE WIND
Supporters Still Bullish on NJ Offshore Wind Despite Ørsted Exit
But delays expected, and prospect of price hikes
BRENDA FLANAGAN / NJ SPOTLIGHT NEWS – The decision by Ørsted to deep-six its two wind farm projects off the South Jersey coast creates double trouble — economic and environmental.
Key players already knew the industry faced headwinds like spiraling steel costs, supply-chain issues, and high interest rates as other states had already renegotiated imperiled wind farm contracts …
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