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The Independent UK

National

Wayne Parry

Orsted puts up $100M guarantee that it will build New Jersey's first offshore wind farm by 2025

Orsted New Jersey Phil Murphy Ocean

Copyright 2023 The Associated Press. All rights reserved.

The Danish wind energy company Orsted has put up a $100 million guarantee that it will build New Jersey's first offshore wind farm.

But it will lose that money if the project is not operating by Dec. 2025 — a year after the deadline approved by state utility regulators.

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Top stories on inkl right now

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The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Two Latvian men arrested at RAF base in Cambridgeshire used by US military

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