Offshore wind projects face economic storm. Cancellations jeopardize Biden clean energy goals | The Hill

Offshore wind projects face economic storm. Cancellations jeopardize Biden clean energy goals | The Hill: WASHINGTON (AP) — The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry, jeopardizing the Biden administration’s goals of powering 10 million homes from towering ocean-based turbines by 2030 and establishing a carbon-free electric grid five years later. The…