For those who may not be attuned to the state of offshore wind energy, the fledgling industry has hit a patch of rough seas in recent weeks. Sharply rising costs for such essential components as giant turbines and cables caused the cancellation of two large New Jersey projects by Ørsted, the Danish multinational company that just so happens to be developing one of two coastal Maryland wind farms.
Offshore wind may cost Maryland big dollars, but it still makes sense
November 21, 2023