"The offshore wind equipment market continues to experience significant price volatility and the company has not yet identified a solution to that volatility."
"This additional time will allow us to continue to navigate ongoing market shifts and supply chain challenges, as we work to advance development of this important project for New Jersey," Wes Jacobs, the project director, said in a statement.
"Leading Light was one of two projects the state utilities board chose in January 2024. But just three weeks after that approval, one of three major turbine manufacturers, GE Vernova, said it would not build the kind of turbine Invenergy planned to use in the project."
"The company did not respond to inquiries on Monday and Tuesday about whether a blade manufacturer is at the heart of the second request."
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