US EditionGE Vernova Inc: Supplier to Vineyard Wind Looking at Its Books After This Week's Trump Administration Cancellation of Projects
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GE Vernova Inc: Supplier to Vineyard Wind Looking at Its Books After This Week's Trump Administration Cancellation of Projects
In a move that has sent ripples through the renewable energy sector, the Trump administration announced on December 22, 2025, the suspension of leases for five major offshore wind projects along the U.S. East Coast, citing national security concerns. The affected projects include Vineyard Wind 1 off Massachusetts, Revolution Wind in Rhode Island, Sunrise Wind and Empire Wind in New York, and Coastal Virginia Offshore Wind (CVOW). While GE Vernov…
Bankinter Market Consensus The impact of Donald Trump's U.S. government order to stop works on five offshore wind farms concessions will not affect 80% of Iberdrola's Vineyard Wind 1 project, as it will only affect assets that are not in operation. Iberdrola will avoid much of the Trump administration's new blow to the offshore wind. Only 20% of the project is damaged, still unbuilt. Of the 62 wind turbines [...]
On Monday, the U.S. government announced the immediate suspension of leases for all large-scale offshore wind projects currently under construction in the country, including the Iberdrola and Wind and Sunrise Wind Vineyard Wind 1 projects of Ørsted. This decision, which comes into effect immediately, has been taken due to national security issues identified by the U.S. Department of War. The government has stated that the suspension is necessary…
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