Day: February 5, 2025
U.S. Offshore Wind Faces Strong Gusts From Trump Executive Order; Shell Abandons Atlantic Shores Project
Summary Following President Trump’s executive order targeting the development of offshore wind power, one major company has already scrapped its U.S. offshore wind plans. The executive order is a significant setback for the industry, which has already been suffering from high project development costs associated with construction and financing. This executive order dampens developer/investor confidence…
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