Ocean Wind 2

Recent events in the wind power industry, all occurring on a single day, provide a snapshot of the sector’s challenges and opportunities heading into 2024. Ørsted, the world’s largest developer of offshore wind, on Oct. 31 announced the cancellation of Ocean Wind 1 and 2, two 1,000-MW-plus projects off the coast of New Jersey. In […]

The first three major construction contracts have been awarded for the 1,100-MW Ocean Wind 1 offshore project that will provide electricity to New Jersey. Ocean Wind 1 is a joint venture between Ørsted and Public Service Enterprise Group (PSEG), which provides electricity for much of New Jersey. Those groups on April 25 announced Burns & […]