Since our inception in 2006, Evolution has pioneered the Live Casino Game Industry. Every day, thousands wager real money across a variety of platforms, diving into one of our 50+ interactive games. That is a project by Shell New Energies US and EDF Renewables North America.Ītlantic Shores said last week it remains committed to its project, though it hinted in a statement that it, too, is seeking additional help.įollow Wayne Parry on X, formerly known as Twitter, at leading online casino provider, Evolution, is expanding its team! While our games come alive with real-time talent and interactions, players from around the world join virtually. They join the one remaining project of the three originally approved by the state, Atlantic Shores. New Jersey still has several other offshore wind projects in various stages of development, with four new proposals submitted in August alone. The cancellations added fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming fossil fuels, but derided by opponents as inherently unworkable without massive financial subsidies.Īnd it is another political headache for Murphy and Democrats shortly before elections for the state Legislature in which opposition to offshore wind has become an important part of Republican campaigns. Orsted wrote off $4 billion last week, due largely to costs associated with the cancellation of its two New Jersey projects. It also was obligated to pay an additional $200 million toward the development of the offshore wind industry in New Jersey. The company agreed to put up a $100 million guarantee that it would have Ocean Wind I built by the end of 2025. On Monday, a spokeswoman, Alexandra Altman, said Murphy’s administration “is evaluating Orsted’s recent statements and correspondence, and will take any and all actions necessary to ensure Orsted honors its commitment and responsibility to the state.”

Phil Murphy, a Democrat, reacted angrily when Orsted canceled its two large projects, saying his administration would hold the company accountable to its cancellation obligations. In the agreement, Orsted and the state agreed not to sue each other over any dispute unless they tried and failed to resolve it through negotiations. It was not immediately clear what will happen next. The company said it has transferred $200 million to an escrow account with the state thus far.

In July, New Jersey approved a tax break that would have allowed Orsted to keep federal tax credits that it otherwise would have had to return to electric ratepayers, had the project been built.

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