Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry.
Orsted scraps 2 offshore wind power projects in New Jersey
Offshore developer cancels 2 NJ wind farms
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Wind industry deals with blowback from Orsted scrapping 2 wind power projects in New Jersey
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Wind industry deals with blowback from Orsted scrapping 2 wind
Offshore wind firm cancels N.J. projects, as industry's prospects dim