US EditionFederal Budget Bill Could Put Offshore Wind Jobs at Risk
NEW YORK STATE, JUL 22 – The New York PSC halted offshore wind transmission plans due to a federal permitting freeze, delaying up to 8 gigawatts of new grid connections by 2033, officials said.
- Equinor reported a $955 million impairment on its Empire Wind offshore project in the United States on Wednesday due to regulatory challenges and tariffs.
- The impairment follows a mid-April halt and freeze on offshore wind permitting by the Trump administration, which had imposed 50 percent steel tariffs and expressed opposition to wind energy.
- Empire Wind 1, a profitable 816 MW project capable of powering 500,000 Brooklyn homes, saw $763 million of the impairment tied to its first phase and South Brooklyn Marine Terminal.
- Equinor’s CEO Anders Opedal reported that despite a 30 percent decline in net profit year-over-year to $1.3 billion, the company remains committed to advancing its renewable energy initiatives, with the Empire Wind 1 project now moving forward again.
- New York State paused its offshore wind transmission planning process to protect consumers amid federal uncertainty, but officials say offshore wind efforts remain alive and will resume after federal permitting restarts.
11 Articles
11 Articles
Federal budget bill could put offshore wind jobs at risk
OAK BLUFFS – The recently passed federal budget bill could put offshore wind jobs at risk. The new bill cuts tax credits for wind, solar and other green energy projects. Gov. Maura Healey said it would lead to thousands of jobs for the state, with some training taking place at Mass Maritime Academy in Bourne. […] The post Federal budget bill could put offshore wind jobs at risk appeared first on CapeCod.com.
TVA Nouvelles
Connaissance des ÉnergiesNorwegian energy giant Equinor announced on Wednesday that it was depreciating a large wind project off New York by $955 million.
Legit.ng - Nigeria news.
Equinor takes $1 bn hit from US wind farm regulations, tariffs
Norwegian energy company Equinor said on Wednesday that its giant offshore wind project in New York -- once halted by the US administration -- had lost nearly $1bn in value following regulatory changes and tariffs.
U.S. – 23/07/2025 – energysdelamer.eu. The State of New York suspended its offshore wind farm project on 17 July because of the federal uncertainty. Indeed, the New York State Public Services Commission (PSC), chaired by Rory Christian, strategically terminated the public transport policy process (PPTN) for offshore wind energy transport infrastructure. The PSC explains this decision by the federal government's decision to grant new permits for …
Coverage Details
Bias Distribution
- 75% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
