Offshore wind developer Ørsted will invest $70 million to open a steel fabrication center with an Eastern Shore company to serve its mid-Atlantic projects.
The developer announced the agreement Thursday at Crystal Steel Fabricators in Federalsburg where the new offshore wind fabrication center will be constructed. The investment includes $67 million to purchase steel components and $3 million for a 25,000-square-foot expansion of Crystal Steel’s facility.
As a result, Crystal Steel will increase…