Thinker101
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Danish wind developer Orsted is halting the development of two massive New Jersey offshore wind projects due to cascading economic pressures, including skyrocketing interest rates and a supply chain crunch.
“Macroeconomic factors have changed dramatically over a short period of time, with high inflation, rising interest rates, and supply chain bottlenecks impacting our long-term capital investments,” Hardy said in a statement.
Macroeconomic factors? Is that anything like Bidenomics?
Offshore wind company pulls out of New Jersey projects, a setback to Biden's green agenda
“Macroeconomic factors have changed dramatically over a short period of time, with high inflation, rising interest rates, and supply chain bottlenecks impacting our long-term capital investments,” Hardy said in a statement.
Macroeconomic factors? Is that anything like Bidenomics?
Offshore wind company pulls out of New Jersey projects, a setback to Biden's green agenda