January 27, 2025 — U.S. President Donald Trump suspended new federal offshore wind leasing on his first day back in the Oval Office on Jan. 20, pending an environmental and economic review.
On the same day, Danish energy company Orsted, the world’s biggest offshore wind firm, posted another impairment charge on delays to a U.S. offshore project.
Those are just the latest blows for the offshore wind industry that former President Joe Biden and several states considered key to meeting federal and state clean energy targets.
In California, where offshore wind is in early stages of development, Adam Stern, Executive Director of Offshore Wind California, an industry trade group, said most of the work was happening at the state level.