{"id":2087076,"date":"2023-11-01T16:38:02","date_gmt":"2023-11-01T20:38:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-jersey-dems-approved-big-subsidies-to-land-a-foreign-built-offshore-wind-farm-it-fell-apart-anyway\/"},"modified":"2023-11-01T16:42:51","modified_gmt":"2023-11-01T20:42:51","slug":"new-jersey-dems-approved-big-subsidies-to-land-a-foreign-built-offshore-wind-farm-it-fell-apart-anyway","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-jersey-dems-approved-big-subsidies-to-land-a-foreign-built-offshore-wind-farm-it-fell-apart-anyway\/","title":{"rendered":"NJ Dems approved large subsidies for a foreign-built offshore wind farm, but it ultimately failed."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnew-jersey-dems-approved-big-subsidies-to-land-a-foreign-built-offshore-wind-farm-it-fell-apart-anyway%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2087076&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>Danish company \u00d8rsted scraps projects planned for Atlantic\u200c City coast<\/h2>\n<figure><figcaption>NJ Gov. Phil\u200d Murphy (Eduardo Munoz Alvarez\/Getty\u2062 Images)<\/figcaption><\/figure>\n<\/blockquote>\n<div>\n<p>New Jersey Democrats, led by Governor Phil Murphy, approved up to $1\u2063 billion in subsidies to entice a foreign company to build wind farms off the coast of Atlantic City. \u200bNow, the \u200bprojects\u200b are dead.<\/p>\n<p>Danish green\u2064 energy\u2064 giant \u00d8rsted on \u2064Tuesday night said it was pulling out of New Jersey, citing &#8220;high inflation, rising interest rates, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/thanks-to-inflation-back-to-school-prices-expected-to-skyrocket\/\" title=\"Thanks To Inflation, Back-To-School Prices Expected To Skyrocket\">supply chain bottlenecks<\/a>.&#8221; The move comes as a significant blow to Murphy and Democrats in the State\u2062 Legislature, who \u200cearlier this year approved an estimated\u200c $1 billion in \u2064taxpayer-funded subsidies to land\u2063 the project. Murphy and other state officials promised that \u00d8rsted\u200b would bring thousands of jobs to New Jersey as\u2064 part of the governor&#8217;s green energy agenda.<\/p>\n<p>\u00d8rsted&#8217;s decision\u2062 to scrap its New Jersey projects also reflects the challenges plaguing the Biden administration&#8217;s so-called clean energy revolution. \u200cPresident Joe\u200b Biden\u200b has funneled tens of billions of dollars in grants, loans, and subsidies to \u200dthe green energy industry in an attempt to spur \u2062the\u200c use\u200c of electric cars, solar panels, \u2064and other green \u200calternatives. \u2063But many of those alternatives have not caught on. Fifty-seven percent of Americans, for example, say they are not likely \u2062to make their\u200c next vehicle an electric one, according \u200cto a \u2063recent Yahoo Finance <a href=\"https:\/\/finance.yahoo.com\/news\/new-yahoo-finance-ipsos-poll-shows-over-half-of-americans-unlikely-to-buy-an-ev-130040140.html\" target=\"_blank\" rel=\"noopener\">poll<\/a>.<\/p>\n<p>Murphy in \u200ba Tuesday statement\u2064 condemned \u00d8rsted&#8217;s decision as both &#8220;outrageous&#8221; and surprising, saying \u2063that the company &#8220;as \u200crecently as several <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-jersey-dems-approved-big-subsidies-to-land-a-foreign-built-offshore-wind-farm-it-fell-apart-anyway\/\" title=\"NJ Dems approved large subsidies for a foreign-built offshore wind farm, but it ultimately failed.\">weeks ago \u2026 made public statements<\/a> regarding the viability&#8221; of its New Jersey projects. But \u00d8rsted has long signaled that it may not be \u2064able\u200d to deliver in the Garden State,\u2062 despite securing significant subsidies. In September, the company acknowledged <a href=\"https:\/\/freebeacon.com\/energy\/democrats-wind-farms-projects-scrapped\/\" target=\"_blank\" rel=\"noopener\">major supply\u200d chain issues<\/a> that it said could \u2063force it to &#8220;walk away \u2063from projects&#8221;\u2062 in the United States.<\/p>\n<p>Daniel Turner,\u2064 the founder and executive director of \u2062energy \u2064advocacy group Power the Future, said Murphy&#8217;s &#8220;green\u200b dreams&#8221; met a\u2062 &#8220;hard reality.&#8221;<\/p>\n<p>&#8220;Wind power received billions in taxpayer\u200c support, \u2062yet we see \u2062project after project failing,&#8221; Turner said in a statement. &#8220;Governor Murphy can rage all he wants about getting\u200b back\u2062 money from the company for coffers in Trenton, \u2062but the\u2064 truth \u200cis the green agenda\u2063 pushed by him and other militant leftists made today happen.&#8221;<\/p>\n<p>Murphy did\u2062 not respond to a request for comment. \u00d8rsted directed \u2062the <em>Washington\u2062 Free\u200c Beacon<\/em> to its Tuesday night <a href=\"https:\/\/us.orsted.com\/news-archive\/2023\/10\/orsted-ceases-development-of-ocean-wind-1-and-ocean-wind-2\" target=\"_blank\" rel=\"noopener\">statement<\/a>.<\/p>\n<p>\u00d8rsted&#8217;s project has for \u200dmonths been\u200c a\u2062 source of controversy in New Jersey. The state&#8217;s independent ratepayer group in July <a href=\"https:\/\/freebeacon.com\/energy\/biden-backed-new-jersey-wind-farm-will-raise-electric-bills-experts-say\/\" target=\"_blank\" rel=\"noopener\">found<\/a> \u200d the wind farm would bring increased utility costs for the state\u2019s \u200dratepayers, while\u2062 Murphy himself in a September\u2063 <a href=\"https:\/\/cleanpower.org\/wp-content\/uploads\/2023\/09\/Governors-Offshore-Wind-Letter_ACP.pdf\" target=\"_blank\" rel=\"noopener\">letter<\/a> to Biden acknowledged the &#8220;significant&#8221; energy \u200dcosts associated with\u2064 the project.<\/p>\n<p>&#8220;Instead of continued price declines, offshore wind faces cost increases in\u2062 orders of magnitude\u200d that threaten States&#8217; ability to make purchasing decisions,&#8221; the letter \u2062said. &#8220;Without federal\u2062 action, \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-new-jersey-is-working-to-turn-kindergartners-into-climate-activists\/\" title=\"New Jersey's efforts to create young climate activists\">offshore\u200b wind deployment<\/a> in the U.S. is at serious risk of stalling\u200c because States&#8217; ratepayers may be unable to absorb these significant new costs alone.&#8221;<\/p>\n<p>New\u2064 Jersey\u2063 Republican congressman Jeff Van Drew, a\u2062 leading opponent of the offshore wind project, applauded the project&#8217;s cancellation.<\/p>\n<p>&#8220;I am \u2063thrilled to see that \u00d8rsted has\u2062 decided \u200cto pack up its offshore wind scam and leave \u200bSouth Jersey&#8217;s beautiful coasts alone,&#8221; Van Drew \u200csaid.\u2062 &#8220;A tremendous win for\u200d South Jersey residents, our fisherman, and \u200bthe historic coastline \u2062of the Jersey shore.&#8221;<\/p>\n<p>While Murphy&#8217;s effort to bring \u00d8rsted wind \u2064farms to his state&#8217;s coastline failed, New Jersey will likely face no shortage of climate activists to drum up\u200d support for \u200dfuture projects. That&#8217;s because Murphy\u200b in \u2062September <a href=\"https:\/\/freebeacon.com\/campus\/how-new-jersey-is-working-to-turn-kindergartners-into-climate-activists\/\" target=\"_blank\" rel=\"noopener\">unveiled<\/a> a new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mcconnell-unloads-on-bidens-radical-and-underqualified-hhs-nominee-xavier-becerra\/\" title=\"McConnell Unloads On Biden\u2019s \u2018Radical And Underqualified\u2019 HHS Nominee Xavier Becerra\">taxpayer-funded office<\/a> that aims\u2064 to turn public school students into &#8220;climate leaders&#8221; through the state&#8217;s Climate Change Education standards, which incorporate mandatory climate change instruction into nearly every K-12 subject.<\/p>\n<\/div>\n<p> <\/p>\n<h2> How \u200bdo critics of Governor Murphy&#8217;s green energy agenda argue \u200cthat \u00d8rsted&#8217;s decision to scrap the projects reflects\u2063 potential difficulties that were previously hinted at<\/h2>\n<p><span>  Controversy and debate in New Jersey. The company \u200dhad plans to build wind farms off the coast of \u200dAtlantic City, \u2062with the\u200b promise \u2062of bringing thousands of jobs and advancing Governor\u200d Murphy&#8217;s green energy agenda. However, \u00d8rsted&#8217;s recent announcement to scrap these projects has dealt a significant blow to both the governor and Democrats in the State Legislature.<\/p>\n<p>The decision by \u00d8rsted to withdraw from New Jersey can be attributed to a combination of factors. The company cited high inflation, rising interest rates, \u2063and supply chain bottlenecks as the main reasons for its departure. These challenges are not unique to \u00d8rsted or New Jersey but reflect the wider obstacles that the clean \u200benergy industry is facing\u200d in its efforts to transition to sustainable alternatives.<\/p>\n<p>In an attempt to \u2062accelerate the adoption of clean energy, President Joe Biden&#8217;s administration has allocated significant funds to support the green \u200benergy industry. However, the Yahoo Finance poll mentioned in the article reveals \u200dthat many Americans are still hesitant about embracing electric\u2063 vehicles and other green \u2062alternatives. This lack of consumer\u200b interest\u2062 poses a significant challenge to\u2062 the success of \u200bthe clean energy revolution.<\/p>\n<p>Governor Murphy expressed his disappointment and surprise \u2063at \u00d8rsted&#8217;s decision, condemning it as &#8220;outrageous.&#8221; However, critics argue\u2064 that the \u2062company had previously hinted at potential\u200d difficulties\u2063 in delivering the projects, despite securing substantial\u2064 taxpayer-funded subsidies. \u00d8rsted had previously acknowledged supply chain issues that could potentially lead to project cancellations.<\/p>\n<p>Daniel Turner, the founder and executive director of energy advocacy group Power the Future, stated that\u2063 Murphy&#8217;s &#8220;green dreams&#8221; have encountered a harsh reality. He criticized the failure of numerous wind power projects despite receiving substantial taxpayer support. Turner attributed \u200dthe downfall of \u00d8rsted&#8217;s projects\u200d to the green agenda\u200d pushed \u200bby Murphy and other leftists.<\/p>\n<p>While\u200d Governor \u200bMurphy has yet to respond to \u00d8rsted&#8217;s announcement, it is clear that the company&#8217;s decision has major implications.\u200d The scrapped projects not only mean a loss\u2063 of potential \u2064jobs and economic\u2062 growth for \u2062New \u2064Jersey but also\u200d highlights the difficult road ahead for the clean energy industry \u2062in the\u2062 United States.<\/p>\n<p>In conclusion, the withdrawal \u2064of Danish company\u200d \u00d8rsted from wind farm projects\u200b off the \u2064coast of Atlantic\u200d City is a setback for New Jersey&#8217;s green energy agenda. The challenges faced by \u00d8rsted mirror the \u200cbroader difficulties confronting the clean\u2062 energy\u2063 revolution in the United States. Despite significant government support, the adoption of clean energy alternatives such \u2063as electric vehicles\u200d has been slower than expected. \u00d8rsted&#8217;s departure serves as a\u200c reminder\u200b that the \u200dpath to a sustainable future is not\u2062 without obstacles and\u2063 requires careful\u2062 consideration of various factors, including economic viability\u2062 and consumer demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>energy company \u00d8rsted has decided to scrap its plans for the wind farm projects off the coast of Atlantic City, despite the $1 billion subsidies approved by New Jersey Democrats and Governor Phil Murphy.<\/p>\n","protected":false},"author":2020,"featured_media":2087077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2087076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2087076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2020"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2087076"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2087076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2087077"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2087076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2087076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2087076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}