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Danish company backs US wind project with $100 million guarantee

If Orsted forfeits the money, it could be returned to New Jersey utility ratepayers

By Undercurrent News | Oct. 16, 2023 16:18 BST
A wind turbine. Credit: Fokke Baarssen / Shutterstock
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If Danish wind company Orsted does not have New Jersey’s first offshore wind farm up and running by December, 2025, it will forfeit $100 million [...]

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