Free Republic

The Department of the Interior (DOI) is immediately halting all activity on a massive offshore wind farm project that was established by the Biden Administration, according to a report from the Daily Caller. The Bureau of Ocean Energy Management (BOEM, which falls under the DOI, is halting activity on the “Revolution Wind” project off the coast of Rhode Island and Connecticut effective immediately. President Donald Trump has long criticized wind farm projects, pointing to their notoriously unreliable output, foreign control of key components for wind projects and environmental concerns. In recent weeks and months, the DOI has dealt a number...

BOSTON – October 31, 2023 – Following a decision by its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and Ocean Wind 2 projects and has taken final investment decision (FID) on the Revolution Wind project. “Macroeconomic factors have changed dramatically over a short period of time, with high inflation, rising interest rates, and supply chain bottlenecks impacting our long-term capital investments,” said David Hardy, Group EVP and CEO Americas at Ørsted. “As a result, we have no choice but to cease development of Ocean Wind 1 and Ocean Wind 2. We are extremely disappointed to...