Following a year of funding cuts and revoked permits, the White House has now suspended all 5 active offshore wind projects on “national security” grounds. (Canary Media)
The result? BloombergNEF slashed its 2035 capacity forecast from 39 GW to just 6 GW (and even that could go lower).
The industry is bracing for impact: 10K current jobs are paused, foreign investors are fleeing, and the Northeast grid could become more vulnerable to winter blackouts without the promised power.