Demise of New Jersey wind project could imperil Biden’s offshore agenda

A slew of canceled offshore wind projects and contracts have jeopardized the Biden administration’s targets for a massive expansion of the new industry and its promise of emissions-free power for coastal states. Sign up for the Climate Coach newsletter and get advice for life on our changing planet, in your inbox every Tuesday and Thursday.. … Read more

Major wind energy developer scraps two major offshore projects

It added fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming fossil fuels, but derided by opponents as inherently unworkable without massive financial subsidies. The Danish company said Tuesday night it is scrapping its Ocean Wind I and II projects off the coast of southern New … Read more

Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photohas proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts into about a 30% equity stake in each of the developer’s two Hong Kong-listed subsidiaries, according to two … Read more

Orsted scraps 2 offshore wind-power projects in New Jersey

ATLANTIC CITY, N.J. — Danish energy developer Orsted said Tuesday night it is scrapping two large offshore wind-power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration and many state governments are counting on to help transition away from the burning of planet-warming fossil fuels. Orsted ORSTED, +1.80% … Read more

Orsted scraps 2 offshore wind power projects in New Jersey, citing supply chain issues

ATLANTIC CITY, N.J. (AP) — Danish energy developer Orsted said Tuesday night it is scrapping two large offshore wind power projects off the coast of New Jersey, adding uncertainty to the financial viability of a nascent industry the Biden administration and many state governments are counting on to help transition away from the burning of … Read more

America’s Offshore Wind Ambitions Are Coming With Bigger Price Tags

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. rates expected in New York after industry slammed by rising costsThe green-energy … Read more