. >> reporter: david hardy is ceo of orsted americas, the company building the wind farm, 12 turbines that will generate 132 megawatts of power. >> for those that don't speak energy, that's 70,000 homes. this is a first. this is a milestone. >> reporter: roughly two dozen other offshore wind farms were planned along the east coast, generating clean power to replace dirty fossil fuels. this project near massachusetts' martha's vineyard is about to come online. but inflation, rising interest rates, and supply chain issues have now made several others too expensive to build. orsted canceled two wind farms off new jersey and is reconsidering two others. >> do you think in some ways it was overly optimistic? >> probably in some ways we were too optimistic on some things and we got caught on the wrong end of some of these macro trends. >> reporter: the projects were key to president biden's goal of 30 gigawatts by 2030, enough to power more than 10 million homes. analysts now predict the industry will build less than half that. >> we still see a large growth opportunity over the low pressur

. >> reporter: david hardy is ceo of orsted americas, the company building new york's first offshore12 turbines that will generate 132 megawatts of power. >> for those that don't speak energy, that 70,000 homes. this is a first, a milestone. >> reporter: roughly two dozen other offshore wind farms were planned along the coast generating clean power to replace dirty fossil fuels. this project near massachusetts' martha's vineyard is about to come online but inflation, rising interest rates, and supply chain issues have now made several others too expensive to build. orsted canceled two wind farms off new jersey and is reconsidering two others. do you think in some ways it was overly optimistic? >> probably in some ways we were too optimistic on some things and we got caught on the wrong end of some of these macro trends. >> reporter: the projects were key to president biden's goal of 30 gigawatts of offshore wind power by 2030, enough to power more than 10 million homes. analysts now predict the industry will build less than half that. >> we still see a large growth opportunity for of

. >> reporter: david hardy says building industry this complex is not easy but it's essential to cleanfuture. >> we're just at the beginning of something that could be really, really vague and needs to be successful. >> reporter: for "eye on america," ben tracy, cbs news, long island. >> norah: just fascinating. coca-cola recalls hundreds of cases of some of its most popular sodas. what consumers need to know, next. >> announcer: tonight's "eye on america" is sponsored by auto, home, pet. find your fit at weathertech.com. there is only oe on their holiday list... weathertech... laser measured floorliners that fit perfectly in the front and rear... seat protector to guard against spills and messes... cargoliner, bumpstep, and no drill mudflaps to protect the exterior... and cupfone keeps phones secure and handy... [honk honk] surprise!! shop for everyone on your list with american made products at weathertech.com... why give your family just any eggs when they can enjoy the best? eggland's best. the only eggs with more fresh and delicious taste. plus, superior nutrition. which is now mo