2.4-GW New Jersey offshore wind project canceled by developer
Utility Dive
AI Article Summary
Invenergy has canceled a 2.4-GW offshore wind project in New Jersey, citing economic and regulatory challenges that have hindered new offshore wind energy developments. The company announced this decision in a regulatory filing, highlighting the difficulties faced by the offshore wind industry.
What This Means for Canadian Contractors
This project shows how economic and regulatory challenges can significantly impact large-scale renewable energy initiatives. For Canadian builders, this means staying aware of potential permit and regulatory issues that may arise in similar projects. The cancellation could influence project timelines, costs, and the supply chain in related sectors.
