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It was announced on November 1, 2023, that two large New Jersey offshore wind turbine projects would be canceled, writing off $4 billion, due largely to financial challenges mirroring those facing the new industry. That news followed developers in New England canceling power contracts for three projects that would have provided wind power to Massachusetts and Connecticut. They said their projects were no longer financially feasible. There are concerns reported that New York offshore wind projects may be scrapped in a dispute with government officials about high costs. Are such projects unworkable without massive financial subsidies, as critics charge?
ClosedNicola asked 11 months ago • 
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