NJ Wind Project That Trump Dubbed a Disaster Is Canceled

The developer of a New Jersey offshore wind farm designed to power more than 700,000 homes has pulled the plug on the project, the latest setback for a sector whose prospects have worsened under the Trump administration.

“This filing marks the closing of a chapter,” Atlantic Shores Offshore Wind Chief Executive Officer Joris Veldhoven said in a statement Monday. Last week the company filed a motion with regulators to terminate the renewable energy certificates the project had been awarded. The certificates would have underpinned the project’s finances.