Washington, D.C. - In an announcement late Tuesday, Orsted, a global offshore wind developer, announced it is abandoning one of the largest wind projects in the country mere months after Garden State taxpayers were stuck with a $1 billion tab to keep the failing program afloat. Just last June, New Jersey lawmakers narrowly approved a measure allowing the wind manufacturer to keep tax credits it would have otherwise had to return to ratepayers.

“When green dreams run into hard reality, the results are never pretty,” said Daniel Turner, Founder and Executive Director for Power The Future. “Wind power receives billions in taxpayer support, yet we see project after project failing. In this case, it’s the people of New Jersey left holding the bag. Governor Murphy can rage all he wants about getting back money from the company for coffers in Trenton, but the truth is the green agenda pushed by him and other militant leftists that made today happen. That’s cold comfort to Garden State families staring down a long cold winter with soaring energy costs.”

When the offshore wind deal was announced in April 2022, Governor Phil Murphy proudly declared, “Today’s announcement with Ørsted is proof that our strategy to establish New Jersey as a national leader in offshore wind is working, and brings us a step closer to achieving our goal of 100 percent clean energy by 2050.”

In contrast after Tuesday’s announcement, Governor Murphy reportedly said, “Today’s decision by Orsted to abandon its commitments to New Jersey is outrageous and calls into question the company’s credibility and competence.”