Maryland energy officials are hoping that plans for an offshore wind project off the Delaware coast will continue and not follow the fate of New Jersey, where the Danish energy company Orsted pulled the plug on two offshore wind projects this week. Orsted on Tuesday cited project delays from supply chain disruptions and rising interest rates in ending its Ocean Wind 1 and 2 projects in southern New Jersey, and President and CEO Mads Nipper said the company was “extremely disappointed” to have to discontinue development.
Md. still hopes to continue offshore wind with Orsted after company ends N.J. projects
November 3, 2023