Utility Dive•3 months ago
2.4-GW New Jersey offshore wind project canceled by developer
- •Invenergy has canceled its 2.4 GW New Jersey offshore wind project.
- •The cancellation is attributed to 'economic and regulatory conditions' making development 'extremely difficult,' signaling rising costs and policy hurdles.
- •This event highlights increasing project uncertainty and cost escalation risks for large-scale renewable energy developments.
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