Plug pulled on NJ Offshore Wind Projects

[DJ0808]

Well it looks like Orsted closed down their NJ Offshore wind projects on Tuesday.

https://www.politico.com/news/2023/10/31/offshore-wind-new-jersey-orsted-00124661

So even after all the government bailouts (NJ and federal) it still wasn't economically viable....

 

[mike033089]

Good, now hopefully Murphy doesn’t waste money suing them. 

[smittty]

Old news they said they were done and gonna re-look at it in 2026 months ago. That bad news is there are three other companies going full steam ahead along the east coast included off NJ and NY

[Bonefreak]

How much of our tax dollars were wasted in this BS??!!

[smittty]

13 minutes ago, Bonefreak said:

How much of our tax dollars were wasted in this BS??!!

I don’t think we will ever know. One thing I can say for sure is the billons that are going into it is not all corporate or investor and I did use the b word that’s wasn’t a mistake. 

[JHbowhunter]

I will take credit, as I completely obliterated their case for doing this in the SURVEY I got an email for.  I listed how insanely stupid it was to build that in the harshest most difficult to build and maintain environment on earth, right were hurricanes and Nor'Easters hit regularly. 

I guess they sonar-blasted and killed all those marine animals for NOTHING! 

[hammer4reel]

https://www.npr.org/2023/11/01/1209986572/offshore-wind-energy-new-jersey-orsted#:~:text=In a setback for the,projects are canceled in N.J.&text=Wayne Parry%2FAP-,Land-based wind turbines spin in Atlantic City N.J. on,problems and high interest rates.

[DJ0808]

8 hours ago, JHbowhunter said:

I will take credit, as I completely obliterated their case for doing this in the SURVEY I got an email for.  I listed how insanely stupid it was to build that in the harshest most difficult to build and maintain environment on earth, right were hurricanes and Nor'Easters hit regularly. 

I guess they sonar-blasted and killed all those marine animals for NOTHING! 

Pretty much said the same when I took that survey.

Kind of ironic they just did that survey in mid-October and 2 weeks later Orsted drops out. 

[mazzgolf]

Excellent and good riddance!!

 

$4 billion writeoff...... phew. I better check my 401(k) and make sure I wasn't in that stock lol

[Michael Britt]

11 hours ago, JHbowhunter said:

I will take credit, as I completely obliterated their case for doing this in the SURVEY I got an email for.  I listed how insanely stupid it was to build that in the harshest most difficult to build and maintain environment on earth, right were hurricanes and Nor'Easters hit regularly. 

I guess they sonar-blasted and killed all those marine animals for NOTHING! 

And then ships hit the already dead whales. Green is not green and it's not clean either!

[smittty]

I truly don’t think the whale deaths have anything to do with the sonar.I could be wrong but don’t think so. What I’m afraid of what’s gonna happen is once this electric current starts running across the ocean floor it’s gonna change the migration of many types of ground fish and that could  devastating affects on many species. Sad part of our government knows this because it’s already been documented by the navy. Do a little research it’s out there 

[308federal]

Thanks for posting.

Typical nj:"New Jersey approved a tax break for Orsted in July, letting it keep federal tax credits that otherwise would have gone to ratepayers."

So money that would have gone to the ratepayers i.e. poor slobs like us would go to this big conglomerate?

Where the heck does it end?

[JHbowhunter]

should merge this with identical topic already posted

[mazzgolf]

4 minutes ago, 308federal said:

Where the heck does it end?

It doesn't end. The religion of climate change means billions and billions of our dollars go to these conglomerates "for our own good." According to the article, there are still a couple more wind farm projects on the drawing board for NJ coastlines.

[BowhunterNJ]

Topics merged