US EditionDemocrats Ask Trump to Resume a Major Offshore Wind Project Near Rhode Island
The Trump administration halted the $1.5 billion offshore wind project at 80% completion, putting over 1,200 jobs on hold and disrupting plans to power 350,000 homes, officials said.
- Last Friday, BOEM acting Director Matthew Giacona ordered a stop-work order on the Revolution Wind project, causing Orsted's shares to drop as much as 17% in early trading.
- BOEM said the stop-work on Revolution Wind was driven by unspecified national security concerns under its review, noting the project was 80% complete with 45 of 65 turbines installed and construction began January 2024.
- Earlier this month, Orsted announced a DKr60bn rights issue valued at $9.4 billion to shore up its capital structure, and analysts warned, `This is a huge hurdle with regards to raising capital`.
- Union leaders say the pause puts hundreds of jobs on hold, including 300 offshore positions; the $1.5 billion Revolution Wind project, set to power 350,000 homes, faces delays to completion next year.
- Amid renewed industry concern, this pause mirrors earlier Interior actions this year; Rhode Island leaders and the congressional delegation oppose the halt and meet Monday at Quonset Point, while industry groups warn, `These projects are not only about energy`.
79 Articles
79 Articles
Trump Goes on Anti-Windmill Offensive, Cancels Projects
With the halt on construction of a nearly complete offshore windmill project in Rhode Island, it appears President Donald Trump means business in undoing the last administration’s green energy policies. Orsted, a Danish company developing the Revolution Wind project off the coast of Rhode Island, was told by the U.S. Bureau of Ocean Energy Management Friday to “halt all ongoing activities” so that the federal government could “address concerns r…
Democrats demand Trump resume a major offshore wind project near Rhode Island
A nearly complete wind farm off the coast of Rhode Island and Connecticut faces an uncertain future as the states’ Democratic governors, members of Congress and union workers are calling Monday for the Trump administration to let construction resume. The administration halted construction on the Revolution Wind project last week, saying the federal government needs to review the project and address national security concerns. It did not specify …
Democrats ask Trump to resume a major offshore wind project near Rhode Island
A nearly complete wind farm off the coast of Rhode Island and Connecticut faces an uncertain future as the states' Democratic governors, members of Congress and union workers are calling Monday for the Trump administration to let construction resume.The administration halted construction on the Revolution Wind project last week, saying the federal government needs to review the project and address national security concerns. It did not specify w…
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