October 30, 2025 — For decades, nuclear power plant owners have been required by law to set aside money for decommissioning at the start of operations, but developers of two New England offshore wind farm projects face no such immediate mandate. The latter, according to a local grassroots organization, puts federal taxpayers at risk of being on the hook.
“BOEM (Bureau of Ocean Energy Management) abdicated its responsibility to the American people by relying heavily on the ‘financial strength’ of the project instead of upholding its duty to protect the environment, public health, and safety,” Thomas Stavola, attorney for Save LBI, said last week.
The group is taking BOEM to task over its 15-year deferral of financial responsibility for the owners of Rhode Island’s Revolution Wind and Massachusetts’ Vineyard Wind.
Stavola called the approvals “patently absurd.”
In an Oct. 16 letter, Save LBI, which has swelled to more than 10,000 supporters, urged the U.S. Department of the Interior “to end the egregious practice of letting operators of offshore wind farms postpone providing financial assurance earmarked for the future decommissioning and removal of turbines and related infrastructure.”
The group said the postponement provides the developers with an exorbitant amount of time to establish the necessary decommissioning funds it will take to remove the planned 127 turbines off the New England coast. Stavola and Bob Stern, Save LBI president and co-founder, signed the letter.
“BOEM authorized a deferral for Revolution Wind on the basis that ‘providing the full amount of its decommissioning financial assurance prior to receiving any revenue under its power purchase agreements would be an unnecessary and unreasonable financial burden on the company.’ However, such revenues are received by the company well before the 15-year deferral given,” according to the letter.
Save LBI is asking BOEM to revoke prior financial deferrals and require future approvals to fully fall in line with the Code of Federal Requirements.
In a statement released earlier this month, Save LBI said BOEM’s action does not take into consideration use of funding for unplanned events, such as Vineyard Wind’s blade failure last year, and heightens the chance developers would not be able to finance the removal of aging turbines from the ocean floor 15 years from now.