Less than a month after beginning onshore construction at two Ocean County sites, the Danish-based wind energy developer of New Jersey’s first offshore wind farm pulled the plug on that project and a planned second one, too.
In an interim financial report, Mads Nipper, group president and chief executive officer of Ørsted, pointed to “the current market situation with supply chain challenges, project delays and rising interest rates” as reasons for the company’s abandonment of the Ocean Wind 1…
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