Ørsted has announced that it will reposition Skipjack Wind, a combined 966 MW project under development off the coast of the Delmarva peninsula in the US, for future offtake opportunities.
Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission orders approving the Skipjack 1 and 2 projects. Ørsted intends to continue advancing development and permitting for the combined project, including submission of its updated Construction and Operations Plan to the Bureau of Ocean Energy Management (BOEM). This action follows an extensive review of the orders. The payment amounts for ORECs set forth in the orders are no longer commercially viable because of today’s challenging market conditions, including inflation, high interest rates and supply chain constraints.
