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NJ reaches $125M settlement with Ørsted (updated)
That figure is less than the $300 million that was at the center of the discussion about this issue when the Danish company pulled the plug on the offshore wind projects last fall.
Ørsted cancellations create uncertainty around NJ’s offshore wind future
The two projects were projected to create a combined capacity of 2,200 megawatts and to power up to 1 million homes while creating thousands of jobs.
Fallout from Ørsted’s Ocean Wind cancellations continues in NJ
As election week begins, criticisms, harsh rhetoric and finger-pointing continue to abound from the abrupt decision by the Danish energy company to pull the plug on the two offshore wind projects it was slated to develop off the coast of South Jersey.
Ørsted pulls plug on offshore wind projects Ocean Wind 1 and 2
Reacting to the cancellation of work that was expected to power 1 million homes and create thousands of jobs, Gov. Phil Murphy did not mince words: “Today’s decision ... to abandon its commitments to New Jersey is outrageous and calls into question the company’s credibility and competence."
Orsted approved as NJ Wind Port’s first tenant
“With onshore construction beginning this fall and offshore construction starting next year, Ocean Wind 1 looks forward to providing reliable offshore wind energy to New Jersey and the region when complete," said Maddy Urbish, head of government affairs and market strategy, NJ, Orsted.
Construction of NJ’s first offshore wind farm moves a step closer
“The announcement of Ocean Wind 1’s Record of Decision represents a pivotal inflection point not just for Ørsted, but for New Jersey’s nation-leading offshore wind industry as a whole,” Gov. Phil Murphy said.
NJ’s 1st offshore wind farm gets construction OK
“Offshore wind presents a once-in-a-generation opportunity for New Jersey, and Ocean Wind 1 will offer high-skilled, good-paying union jobs and major economic investment in South Jersey, all while providing cleaner air and a healthier environment,” said New Jersey Economic Development Authority CEO Tim Sullivan.
Ocean Wind 1 moves closer to construction start
According to the Bureau of Ocean Energy Management, if all wind turbine generators are approved for installation, the estimated capacity range will be capable of powering up to 504,000 homes each year.
Offshore wind workforce development program launches in AC
Ørsted and partner Rowan College of South Jersey announced a first-of-its-kind training initiative to recruit, educate and place local candidates in careers as wind farm technicians.
PSEG sells stake in Ocean Wind 1 project
Ørsted will now have 100% ownership of the state's first offshore wind farm, which is expected to be complete by the end of 2024.
Ørsted cuts ribbon on Newark office
The headquarters, located in the recently renovated Ironside Newark building, will support the company’s offshore and onshore businesses and currently houses its IT and local project development staff.
Ocean Wind 1, Stockton University expand partnership
The offshore energy site will support a first-of-its-kind program under which the school will train individuals to be Protected Species Observers (PSO)—certified professionals tasked with monitoring the space to protect the marine environment and its inhabitants.
