Directive targeting offshore wind energy sector with curbs on federal site leasing and permits could itself face legal risk with unclear and conflicting provisions set to trigger lawsuits.
The president’s order has no immediate effect on offshore wind leases already authorized, including two large areas off California’s coast. But it sends a current of uncertainty through the fledgling renewable energy industry,
U.S. President Donald Trump suspended new federal offshore wind leasing on his first day back in the Oval Office on Jan. 20, pending an environmental and economic review. On the same day, Danish energy company Orsted,
President Donald Trump suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.
The market for offshore wind is changing direction, and it's not blowing Somerset's way. How did its $300M Prysmian deal fall through?
Offshore wind once appeared likely to be part of NC’s energy future. Now, a Trump executive order raises questions for the industry.
With President Trump's executive actions, some wind projects off the Massachusetts coast, such as the SouthCoast wind project, could be dead in the water.
News circulated last week that Trump had tapped New Jersey Congressman Jeff Van Drew, a Republican who’s frequently criticized projects proposed off the coast of his state, to draft an executive order on offshore wind. Industry observers said it may include a moratorium on all development.
By Stine Jacobsen COPENHAGEN (Reuters) -Shares in European wind power companies fell on Tuesday after U.S. President Donald Trump suspended offshore leasing for wind on his first day in office, adding to pain in an industry that had turned to the U.
With wind energy facing a deep freeze from Washington, Gov. Hochul’s call for advancing nuclear power may prove crucial for the state to hit climate targets while courting energy-hungry high tech, experts said.
GE Vernova, which has significant operations in downtown Schenectady, said Wednesday it had $10.6 billion in revenue during the last three months of 2024.
“We are proud to announce [Bureau of Ocean Energy Management’s] final approval of the SouthCoast Wind project, the nation’s eleventh commercial-scale offshore wind energy project, which will power more than 840,000 homes,” Elizabeth Klein, director of BOEM, said in a statement.