Major developer halts two New Jersey offshore wind projects in blow to Biden goals

📆 11/1/2023 2:25 PM
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Breanne Deppisch is an energy and climate policy reporter at the Washington Examiner. A former national political reporter, she has closely covered campaigns, Congress, and the White House since 2016.

The world’s largest offshore wind developer, Orsted, halted development Wednesday on two U.S. offshore wind projects, citing higher costs and supply chain delays.

And it threatens the Biden administration’s ambitious target of developing 30 GW worth of offshore wind development by 2030 The Biden administration has overseen billions of dollars in federal funding for offshore wind, primarily via the Inflation Reduction Act, which allocated $369 billion for clean and renewable energy growth.

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