Business & MarketsEnergy

New Jersey Ocean Wind Project Delayed Amidst Economic Uncertainty

Save
New Jersey Ocean Wind Project Delayed Amidst Economic Uncertainty
A wind turbine generates electricity at the Block Island Wind Farm—the first commercial offshore wind farm in the United States—near Block Island, R.I., on July 7, 2022. John Moore/Getty Images
Scottie Barnes
Updated:
0:00

Danish energy firm Orsted, the company behind nearly half of the offshore wind farms under construction in the United States, has delayed its controversial Ocean Wind 1 project off the New Jersey coast until 2026.

The company cited supply chain issues, inflation, and rising interest rates, among other factors.

Scottie Barnes
Scottie Barnes
Freelance reporter
Scottie Barnes writes breaking news and investigative pieces for The Epoch Times from the Pacific Northwest. She has a background in researching the implications of public policy and emerging technologies on areas ranging from homeland security and national defense to forestry and urban planning.
Related Topics