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BPU Vacates Orders on Orsted’s Wind Projects

BPU Vacates Orders on Orsted’s Wind Projects

By Vince Conti

An aerial snapshot of the five turbines that make up Orsted’s Block Island wind farm in Rhode Island.
An aerial snapshot of the five turbines that make up Ørsted's Block Island wind farm in Rhode Island. Ørsted is the Danish company behind the Ocean Wind 1 project. 
Orsted/File Photo
An aerial snapshot of the five turbines that make up Orsted’s Block Island wind farm in Rhode Island.

The New Jersey Board of Public Utilities vacated all of its orders on Wednesday, Aug. 14, that applied to the Danish firm Orsted’s Ocean Wind projects off the coast of Cape May County. Orsted had formally announced it was ceasing operations on the wind farm development on Oct. 31, 2023. Since then the firm has reached a settlement with the state.

The May settlement included Orsted’s agreement to have the six BPU orders that pertained to the Ocean Wind development projects vacated. It also allowed Orsted to keep $175 million in escrow funds in exchange for that agreement.

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