Trump Administration Halts Construction on Offshore Wind Project Citing National Security Concerns
The Trump administration has issued a stop-work order on the nearly completed Revolution Wind offshore wind project, citing national security concerns. The $1.5 billion project, developed by Danish wind company Orsted, has reached 80% completion, with 45 of the 65 turbines installed. The stop-work order has sparked a strong response from Rhode Island Gov. Dan McKee, a Democrat, who characterized the move as "political." McKee argued that the halt would undermine efforts to expand the region's energy supply, lower costs for families and businesses, and strengthen regional reliability.
Key Takeaways:
- The Trump administration has issued a stop-work order on the Revolution Wind offshore wind project, citing national security concerns, which has resulted in Orsted's shares dropping 17% on Monday.
- The $1.5 billion project, located in federal waters about 15 miles off the coast of Rhode Island, is approximately 80% complete with 45 of the 65 turbines installed.
- Rhode Island Gov. Dan McKee, a Democrat, has condemned the move as "political," arguing it would undermine efforts to expand the region's energy supply, lower costs for families and businesses, and strengthen regional reliability.
- The Trump administration had previously issued a stop-work order on the Empire Wind 1 project off New York in April, which was later allowed to move forward after New York Gov. Kathy Hochul negotiated a natural gas compromise.
- President Donald Trump had expressed opposition to wind power during his campaign, and after taking office, signed an executive order banning new leases for offshore wind in U.S. waters.
Statistics:
- 80% completion of the Revolution Wind project
- 45 of 65 turbines installed
- $1.5 billion project cost
- 17% drop in Orsted's shares on Monday
- 2030s timeline for Empire Wind 1 project delivery
- 0 new leases for offshore wind signed under Trump administration
Sources:
- UPI, SHERI WALSH, Aug. 25: "Trump administration halts offshore wind project citing national security concerns"
- Bureau of Ocean Energy Management, no date: "Acting Director Matthew Giacona's statement on Revolution Wind stop-work order"