The New Jersey Board of Public Utilities (NJBPU) has officially revoked its prior approvals for the Ocean Wind One and Ocean Wind Two offshore wind projects. This decision comes after Cape May County filed lawsuits challenging the projects, citing environmental concerns. The State has agreed to allow Orsted, the foreign corporation behind the projects, to retain $175 million in escrow funds in exchange for the cancellation. Read: New Jersey Man Gets 36 Years For Involvement In Three Murders Linked To Drug Enterprise “Today is a very important day in our ongoing opposition to these environmenta…