June 14, 2023 — North Carolina has joined nearly a dozen other East Coast states to create a financial compensation program that would cover economic losses within the fisheries industry caused by Atlantic offshore wind development.
The Fisheries Mitigation Project aims to establish a regional administrator to oversee the process of reviewing claims and making payouts collected through a fund paid for by wind developers to commercial and for-hire recreational fisheries industries to mitigate financial loss associated with offshore wind farms.