Offshore wind power developer Ørsted has withdrawn from the Maryland Public Service Commission orders approving the Skipjack 1 and 2 projects: a 966 MW development planned off the coast of the Delmarva peninsula.
The company says it intends to “reposition” the projects “for future offtake opportunities.”
Ørsted notes that 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.”
The company does intend to continue advancing development and permitting for the combined project, including the submission of its updated construction and operations plan to the Bureau of Ocean Energy Management (BOEM).
“As we explore the best path forward for Skipjack Wind, we anticipate several opportunities and will evaluate each as it becomes available,” comments David Hardy, executive vice president and CEO of the Americas at Ørsted.
