Utility Dive•4 days ago
Trump administration halts all large-scale offshore wind projects under construction in US
Key Takeaway
This unprecedented federal intervention based on national security grounds introduces extreme regulatory risk and uncertainty for all large-scale energy infrastructure projects, particularly offshore wind, impacting developers' investment decisions and large consumers' long-term energy strategies.
AI Summary
- •The Trump administration has halted all large-scale offshore wind projects under construction in federal waters, impacting five major developments including the 2.6-GW Coastal Virginia Offshore Wind.
- •The action cites classified "national security risks," creating significant regulatory uncertainty and a precedent for federal intervention in energy projects based on non-economic factors.
- •Developers face immediate project halts, potential financial losses, and increased investment risk for future offshore wind. Large power consumers may see delays in clean energy procurement and potential impacts on future power supply and pricing.
Topics
financingpolicyppatransmissionwind
Article Content
The action affects five major offshore wind farms under development in federal waters, including the 2.6-GW Coastal Virginia Offshore Wind. The administration cited classified “national security risks” for the move.