Fox Business: Wind Farm Developer Cancels New Jersey Turbine Projects

EXCERPT:

ALWORTH: "Stuart, what we're hearing from Orsted is that it financially no longer made sense for them. They cited inflation, higher interest rates, and supply chain issues. In a statement to Fox Business Orsted said, quote, 'These factors have materially deteriorated the projects' value to a level that does not align with the company's financial targets.' It's all about the money. But the thing is this is coming after the company was set to receive major federal support and tax cuts.”