News Formal

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

  • 📰 PhillyInquirer
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 81. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »