Offshore wind developers are preparing to weather an intense storm when President-elect Donald Trump takes office next year.
In recent weeks, one developer announced plans to pause major spending on a project planned off New York while others signaled they were preparing for a permitting slowdown.
The developments reflect the grim reality facing the industry in the wake of Trump’s victory. The former and incoming president has said he would end offshore wind development “on Day 1” of his administration.
Advertisement
The stance sets the stage for a collision between Trump and liberal states in the Northeast, which are counting on offshore wind projects to hit their climate goals and satisfy their growing demand for power.
