New Jersey-based NRG Energy says it is putting on hold a project that would have created a wind farm off Delaware’s coast.
The company made the announcement Monday. NRG says it is putting the project on hold because its Bluewater Wind subsidiary has been unable to find an investment partner.
NRG President David Crane said in a statement that the company is “not giving up” but will not move forward with the project at this time.
NRG acquired Bluewater Wind in 2009. NRG said that since then federal officials have eliminated tax credits and other support for renewable energy, hurting the project’s viability.
The proposed wind farm would have put 49 to 150 turbines about 13 miles off the Delaware coast.