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

Wind industry deals with blowback from Orsted scrapping 2 wind power projects in New Jersey

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.off the coast of southern New Jersey due to problems with supply chains, higher interest rates, and a failure to obtain the amount … Read more

‍Orsted hit by up to $5.6 bln impairment on halted US projects

A view of the turbines at Orsted’s offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photoon Wednesday halted the development of two U.S. offshore wind projects and said related impairments had surged, as the industry grapples with supply chain delays and higher costs. On Wednesday, the Danish company raised that number to … Read more

Bangladesh launches new India-assisted rail projects and thermal power unit amid opposition protests

Smoke rises from flames near the stage set for a protest by the Bangladesh Nationalist Party in Dhaka, Bangladesh, Saturday, Oct. 28, 2023. Police in Bangladesh’s capital fired tear gas to disperse supporters of the main opposition party who threw stones at security officials during a rally demanding the resignation of Prime Minister Sheikh Hasina … 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