November 1, 2023 — From anger in Trenton to disappointment in Atlantic City to celebration in Cape May County, Ørsted’s decision to end development of its Ocean Wind 1 and 2 projects off the Jersey Shore delivered a mix of emotions.
In announcing the move Tuesday evening, executives with the Danish energy company cited high inflation, rising interest rates and supply chain issues.
“We are extremely disappointed to have to take this decision, particularly because New Jersey is poised to be a U.S. and global hub for offshore wind energy,” said David Hardy, group executive vice president and CEO Americas for the Danish energy company.
During a news conference Wednesday morning, Cape May County officials called Ørsted’s announcement a win for local shore communities.
“Anyone thinks that they’re going to walk and put their footprints on our beach better beware that they’re not coming into Cape May County, no way, no how,” said county Commissioner Director Leonard Desiderio.