Orsted Cancels Major New Jersey Offshore Wind Projects, Dealing Blow to Biden Climate Goals and State's Clean Energy Plans

Orsted is canceling 2 major offshore wind projects in New Jersey, dealing a blow to Biden's climate goals and NJ's clean energy plans.

The projects were Ocean Wind 1, which would have been NJ's first offshore wind farm, and Ocean Wind 2.

NJ recently passed a law to help save Ocean Wind 1, but Orsted is now abandoning both projects anyway.

Orsted is blaming inflation and supply chain issues, but will continue projects in other states like NY.

NJ Gov. Murphy slammed Orsted's decision as "outrageous", but offshore wind still faces opposition in NJ from some residents and critics.