Orsted wants out of $300M forfeiture penalties for scrapped offshore wind farms

Last week, Danish conglomerate Orsted scrapped its Ocean Wind 1 and 2 projects, and almost immediately, sought to break from its forfeiture agreement it had signed with the state’s BPU of $300 million if it failed to finish the projects.

Green Oceans Spokesman David Shanker shared:

“Orsted should not be let off the hook for the damages it has caused our state and the marine mammals who inhabit and migrate along our shores. Since 2019 when Orsted was first awarded the Ocean Wind 1 lease area and started its survey and development work, we’ve seen a tremendous increase in the deaths of marine mammals. Instead of giving this international conglomerate – that time and time again has broken from its agreements with the state – $300 million back, those funds should go towards preserving our shore communities and marine ecosystems while finding green energy solutions that don’t kill whales and destroy coastal communities.”

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