US offshore wind 'down but not out' as Trump ushers in era of uncertainty: BNEF

New president’s ban on leasing in federal waters was expected but demand for review injects uncertainty into projects that are underway

Blades being unloaded for Dominion Energy's CVOW project
Blades being unloaded for Dominion Energy's CVOW projectPhoto: Recharge

Donald Trump’s ban on offshore wind leasing in federal waters came as little surprise to an industry that has long been the target of his ire.

It could have been worse, though, and “developers will be relieved that the document did not contain a requirement for under-construction projects to pause work,” BloombergNEF said in a research note released today, US Offshore Wind Down But Not Out After Trump Order.

Some 5GW of project capacity is currently in construction, including Dominion Energy’s mammoth 2.6GW Coastal Virginia Offshore Wind (CVOW) array, as well as Orsted’s 704MW Revolution and CIP-Avangrid’s long struggling 800MW Vineyard Wind 1.

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