Offshore Wind Power Company Asks to Cancel its New Jersey Project
A company developing an offshore wind power project for New Jersey has filed a request to cancel its plans, citing economic and political headwinds.
Atlantic Shores Offshore Wind, based in Brooklyn, petitioned the New Jersey Board of Public Utilities on June 4 to terminate its OREC order, or Offshore Renewable Energy Certificates order.
The company, which is a partnership between power and fuel company Shell and EDF Renewables North America, was in the process of developing a 1.5-gigawatt wind turbine power project east of Atlantic City...
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