Raine Maida on marriage, music and the Maritimes | SaltWire - Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said.
"People did not anticipate backing out of Ocean Wind," said Timothy Fox, VP at research firm ClearView Energy Partners. Nipper told analysts that unlike Ocean Wind, Orsted is still pursuing Sunrise for several reasons, including the fact that the company has already lined up a vessel to build it. Analysts had expected Orsted and a joint venture between European energy firms Equinor and BP, which has developed three other offshore wind projects, to cancel their contracts to sell offshore wind power in New York after state regulators earlier this month refused to renegotiate those agreements.
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