As expected for the past few months, Big Wind goes bye-bye. Trenton got cold feet and Orsted was in deep financial trouble due to increased interest rates:
Developer cancels plans for 2 N.J. offshore wind farms. Outraged Murphy rips company.
The development comes months after the state Legislature passed a bill giving Ørsted $1 billion in tax credits to help keep the project afloat.
www.nj.com