April 22, 2024 — This week, rising costs sunk three offshore wind farm projects in New York State. After a tumultuous year on the other side of the river, New Jersey lost two large projects being built by Danish wind energy giant 0rsted. 0rsted bailed on New Jersey, and costs are continuing to rise, making previous wind energy deals unaffordable.
Can New Jersey be the next in the line of turbine dominos to fall?