- Associated Press
New Jersey and wind farm developer Orsted settle claims for $125M over scrapped offshore projects
Danish wind farm developer Orsted will pay New Jersey $125 million to settle claims over the company's cancellation of two offshore wind farms last year — a little over a third of what the company once was required to pay. The state's Board of Public Utilities said Tuesday that New Jersey and Orsted have settled claims against each other stemming from the company's decision last October to scrap two wind farms off the state's southern coast. The state said the $125 million it will receive will be used to support investments in wind energy facilities, component manufacturing facilities, and other clean energy programs.
- Associated Press Finance
Qatar's ruler looking to invest in energy, ports and high-tech in Cyprus, official says
The emir of Qatar is looking to invest in energy and high-tech in Cyprus — projects seen as having a strong economic potential, a Cypriot official said Tuesday. Sheikh Tamim bin Hamad Al Thani, who visited the east Mediterranean island nation on Tuesday for the first time, is also interested in investing in Cypriot ports and banking institutions, the official said. Qatar is a strong supporter of a maritime aid corridor that ferries humanitarian aid from the Cypriot port of Larnaca to the besieged Gaza Strip via a U.S. built temporary pier off the Palestinian territory.
- Motley Fool
Better Investment: Stocks or Real Estate?
"Motley Fool Money" and "Bigger Pockets" help you understand.
