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for years, culminating with expected rollbacks of federal support in just a few weeks’ time, the industry remains surprisingly optimistic that theTrump has repeatedly vowed to target offshore wind, blocking new projects and federal funding for the industry in his new administration. During a May campaign rally in New Jersey, the Republican promised to take action on this during his first day in office through an executive order.
With less than a month remaining until Trump takes office, his anti-offshore wind rhetoric has already influenced the market. In November, the CEO of TotalEnergiesit planned to pause the construction of its offshore wind farm located off the coast of New York due to the president-elect’s remarks.Across the United States, there are around 37 leases with more than 56,000 megawatts of offshore wind capacity under development,the American Clean Power Association.
“I want to see those projects continue over the next four years…and continue that momentum of driving investments to a domestic supply chain, which ultimately has the opportunity to support a lot more than offshore wind, steel, cement, some of these really providing domestic strength,” Bright told theShe added that the industry should try to “do business as usual” in order to support the regions currently relying on these projects.
He admitted that within the industry, there has been less interest in new lease sales. If future administrations were to encourage more, Milito recommended putting the focus on projects currently under construction and getting them online. This month, Congress failed to pass the market-desired permitting reform legislation proposed by Sens. Joe Manchin and John Barrasso , primarily over possible reforms to the National Environmental Policy Act which requires federal agencies to consider environmental effects before approving permits on various projects .
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