September 5, 2023 — Global wind energy developer Ørsted has announced its planned offshore wind farm off the coast of New Jersey will be delayed until 2026 due to several reasons including supply chain issues.
The company, which is based in Fredericia, Denmark, has several offshore wind farms planned off the coasts of Maryland, Delaware, New Jersey, New York and Rhode Island.
The Associated Press reported that the Danish company exposed the delay during an earnings call on Wednesday, admitting it could be forced to write-off about $2.3 billion in U.S. projects worth less than earlier projections.