Offshore Wind Power
The sudden halt of the offshore wind sector has left states holding high-investment wind ports that for a while at least won’t be needed, raising questions about how states can use the pricey assets.
Ørsted is pushing ahead with two U.S. offshore wind projects amid potential policy threats but halting development of a much larger U.K. proposal due to rising costs.
Offshore wind advocates are closely monitoring and vigorously lobbying Congress to assess and shape potential changes to the Inflation Reduction Act and its budget.
A group of 18 Democratic state attorneys general filed suit against President Donald Trump’s executive order that halted wind energy projects’ federal approvals.
Dominion Energy reported that Coastal Virginia Offshore Wind has already seen slight cost impacts from President Trump's tariffs, which could grow as the project is still on track for completion in 2026.
Conference attendees are optimistic that the rapidly rising demand for energy will mean the federal government eventually will have to harness wind power.
RWE, which put a two-year pause on its U.S. offshore wind development efforts days after President Trump was re-elected, now is setting a higher bar for other renewables in the U.S. market.
New Jersey’s Board of Public Utilities backed measures to keep on track one of its three remaining offshore wind projects and retool a large-scale solar incentive program.
Interior Secretary Doug Burgum posted that he had directed BOEM to bring an immediate halt to all construction activities on the $7 billion project until it could undergo further review.
A GAO study concludes offshore wind energy development carries both positive and negative potential impacts and flags gaps in federal oversight of its development.
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