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Danish company to take full ownership of first N.J. offshore wind farm

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Orsted, the Danish wind energy developer, will become the sole owner of the first offshore wind farm planned for New Jersey.

ATLANTIC CITY —

No dollar amount was given for the transaction and Orsted did not immediately respond to a request for comment. “PSEG has been a valuable partner as we have advanced Ocean Wind 1 to this point and as we’ve successfully advanced our offshore wind vision in the United States," said David Hardy, an executive vice president with Orsted."With a well-established presence in the U.S., we’re confident in our ability to drive the project forward with commercial operations beginning as planned.”

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Planned wind farm off Jersey Shore to be fully owned Danish companyOrsted will buy the remaining 25% ownership stake in Ocean Wind 1 from New Jersey-based Public Service Enterprise Group. A vote of confidence by PSEG. Why no comment from them? And Killing whales... So does Murphy get the same amount as the big guy?
Source: njdotcom - 🏆 282. / 63 Read more »