This is the best summary I could come up with:

A few years ago, interest in offshore wind energy was so strong that developers proposed spending tens of billions of dollars to plunk hundreds of turbines the size of skyscrapers in the Atlantic Ocean from Maine to Virginia.

To date, Eastern states have awarded contracts to build roughly two dozen offshore wind farms with 21 gigawatts of electric capacity, or enough to meet the needs of more than six million homes.

Orsted, a Danish company that has built around two dozen offshore wind farms, mostly in Europe, has canceled two giant arrays planned for waters off New Jersey and is reconsidering two more intended to serve New York and Maryland.

Northeastern states have also set ambitious renewable energy goals to tackle climate change, but it is often expensive and difficult to transport wind or solar power to dense coastal cities and suburbs.

In an interview, Ali Zaidi, Mr. Biden’s national climate adviser, pointed to the large offshore projects underway in Massachusetts, New York and Virginia, noting that the industry had grown rapidly from a standing start three years ago.

“The world looked totally different,” Mads Nipper, Orsted’s chief executive, said last month, speaking of 2018 and 2019, when the company won a contract to build the first of the two New Jersey projects, Ocean Wind 1, that it has since scrapped.

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there is nothing profitable about maintaining earth’s natural climate: either people dedicate themselves to saves this planet or we shall go extinct.