Orsted, the company that’s planning to build New Jersey’s first offshore
wind farm, made a deal with the state recently that shows it’s still
financially committed to building the project. But the agreement could
also allow Orsted to avoid making a $100 million payment – a third of
the money the company owes to the state. POLITICO’s Ry Rivard breaks
down the financial outlook of New Jersey’s first offshore wind farm and
the bumpy times for the offshore wind industry as a whole. Plus, the
United States will not reimpose steel and aluminum tariffs on the
European Union at the end of the year even if the sides cannot come to
an agreement on a so-called green steel deal.
 

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Catherine Morehouse is an energy reporter for POLITICO and the host of
the POLITICO Energy podcast.

Ry Rivard covers energy, the environment and transportation in New
Jersey for POLITICO. 

Nirmal Mulaikal is a POLITICO audio host-producer. 

Kara Tabor is an audio producer for POLITICO.

Gloria Gonzalez is the deputy energy editor for POLITICO. 

Matt Daily is the energy editor for POLITICO.