Danish developer Orsted nixes another Atlantic offshore wind project, says too costly to make profit

In November, Orsted nixed two major wind farm projects planned off the coast of New Jersey, citing the same problems that the company cited for the Skipjack Wind project.

Published: January 26, 2024 9:04am

Updated: January 26, 2024 9:39am

Danish wind developer Orsted has canceled another contract on a planned offshore wind farm in the Atlantic Ocean.



The company said the 966-megawatt Skipjack Wind project, planned to be constructed off the coasts of Delaware and Maryland, would no longer be commercially viable at the contract prices due to inflation, high interest rates and supply chain issues.



“Today’s announcement affirms our commitment to developing value creating projects and represents an opportunity to reposition Skipjack Wind,” Orsted CEO of Region Americas said Thursday.



In November, Orsted nixed two major wind farm projects planned off the coast of New Jersey, citing the same problems that the company cited for the Skipjack Wind project.

Unlock unlimited access

  • No Ads Within Stories
  • No Autoplay Videos
  • VIP access to exclusive Just the News newsmaker events hosted by John Solomon and his team.
  • Support the investigative reporting and honest news presentation you've come to enjoy from Just the News.
  • Just the News Spotlight

    Support Just the News