09 Sep, 23

Orsted Threatens To Abandon U.S. Offshore Wind Projects

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The world’s largest offshore wind farm developer is preparing to walk away from US projects unless the Biden administration guarantees more support, Bloomberg reported.  “We are still upholding a real option to walk away,” Orsted CEO Mads Nipper told Bloomberg in an interview in London on Tuesday.  Nipper continued, “But right now, we are still working towards a final investment decision on projects in America.” The Biden administration has touted offshore wind farms as an essential component of decarbonizing America’s grid,…

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