The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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LBI NJ, New Jersey’s offshore wind sector is facing new turbulence as Leading Light Wind has requested a pause on its offshore wind farm project off the coast of Long Beach Island. The company is asking the New Jersey Board of Public Utilities for an extension through late December to address supply chain issues, particularly the lack of a manufacturer for the turbine blades required for the project.
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Atlantic City NJ, dispute a multitude of setbacks ,the Murphy administration is forging ahead with its bold vision to establish offshore wind farms along the Jersey coast.
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Wood-Ridge NJ, Senator Paul Sarlo, the chairman of the Senate Budget Committee, issued the following statement on Orsted’s plan to abandon its agreement to construct the Ocean Wind 1 and 2 wind farms:
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Ocean City NJ, a group of 11 grassroots groups representing coastal waters and communities against the industrialization of the Atlantic Ocean through Offshore Wind Turbine development welcome the announcement by Danish energy conglomerate Orsted that it was abandoning development on its Ocean Wind 1 and Ocean Wind 2 offshore wind projects along the Jersey Shore. The announcement marks an important milestone in the coalition’s ongoing fight against offshore wind industrialization along the East Coast.
Continue reading 11 Coastal Groups Welcome Orsted’s Abandonment of Ocean Wind 1 & Ocean Wind 2
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Trenton NJ, Senate Republican Leader Anthony M. Bucco and Senator Michael Testa issued a joint statement in response to confirmation that the Murphy administration knew about Orsted’s decision to pull the plug on offshore wind and tipped off Trenton Democrats before the announcement on October 31.
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Ocean city NJ, Protect Our Coast issues the following official statement Orsted’s decision to cease development of Ocean Wind 1 & 2:
Continue reading Protect Our Coast: Orsted’s Decision to Cease Development of Ocean Wind 1 & 2
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Trenton NJ, Senator Michael Testa and Senate Republican Leader Anthony M. Bucco sent a letter to Governor Murphy demanding a fiscal audit and documents related to interactions with the foreign wind developer Orsted after the company announced they were pulling the plug on New Jersey’s offshore wind project.
Continue reading Orsted Debacle, Time to Reconsider Governor’s Energy Master Plan
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Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project. The decisions are part of an ongoing review of Ørsted’s US offshore wind portfolio.
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LBI NJ, under the guise of saving the planet from climate change and providing long term economic growth the federal government and the State have been extremely generous to foreign wind energy companies
with your money and environment. This generosity includes: federal tax credits, increases in electric bills, taxpayer funding of onshore support facilities, additional direct subsidies, a weakening of the
environmental impact statement process, and the potential for your children to pick up the tab for removing the turbines, substations and cabling in the future.
photos courtesy of Jacqui Delario
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Ocean City NJ, six protesters were arrested on Tuesday afternoon for interfering with workers prepping an area for offshore wind farms in Ocean City. The protest was against the surveys for Orsted’s Offshore Wind farms.
Continue reading 6 People Arrested During Offshore Wind Farm Protest in Ocean City
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Atlantic City NJ, thanks to supply chain blockages, the price of wind turbines has increased 40 percent over the last two years, and the industry is now saying it needs even more billions of tax dollars to survive.
Continue reading Are Wind Mills the Worst Federal “Investment” in History?
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Trenton NJ, Republican Senate Leader, Senator Anthony M. Bucco blasted Democrats for approving a $1 billion bailout of foreign wind developer, Orsted, after a press release from the company indicated strong first half profits in their offshore wind business.
Continue reading All Eyes On Trenton Democrats After Orsted $1 billion NJ Taxpayer Bailout
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Atlantic City NJ, , Denmark’s Orsted (ORSTED.CO), the world’s No. 1 offshore wind farm developer, on Thursday reported second-quarter operating profit below expectations and confirmed its full-year guidance. Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) excluding new partnerships fell 8% from a year earlier to 3.32 billion Danish crowns ($489.56 million), compared with the 3.85 billion expected by analysts in a Refinitiv poll. Orsted kept its 2023 forecast for EBITDA excluding new partnerships unchanged at between 20 billion and 23 billion crowns.”However, compared to the guidance provided in our annual report for 2022, we now expect higher earnings in Offshore than initially announced,” Chief Executive Mads Nipper said in a statement. ($1 = 6.7816 Danish crowns)
Continue reading New Jersey’s Offshore Wind Farm Developer Misses Earnings Expectations
by Lisa Fabrizio. Linden and Patricia Quattrocchi, Clark Candidates, NJ General Assembly LG 22
Trenton NJ, in 2020 Gov. Phil Murphy declared, “Offshore wind is a once in-a-generation opportunity to not only protect our environment, but also greatly expand our state economy in a way that has
immediate impacts and paves the way for long-term growth. “Source: nj.gov ‘’ This remains to be seen.
Continue reading Governor Murphy Trying to Turn Our Ocean into an Industrial Power Plant at Any Cost
