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Keyword: windproject

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  • Trump Axes Massive Biden-Era Offshore Wind Farm Project

    08/25/2025 9:44:24 AM PDT · by Signalman · 29 replies
    Trending Politics ^ | 8/24/2025 | Cullen McCue
    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...
  • Shell writes off $1 billion, exits US offshore wind project

    01/30/2025 12:55:13 PM PST · by george76 · 67 replies
    Investing ^ | 01/30/2025, | Vlad Schepkov
    Shell announced its withdrawal from the Atlantic Shores offshore wind farm project in the US, resulting in a write-off of nearly $1 billion. The decision was disclosed in the company's quarterly earnings report on Thursday, marking another setback for the American offshore wind industry. Shell's decision to exit the project comes as the industry faces challenges from President Donald Trump's executive orders aimed at halting its development. This is a significant shift from the support the industry enjoyed under Joe Biden, despite the recent increase in costs. Shell's Chief Financial Officer, Sinead Gorman, explained the decision during a call with...
  • Texas Considers Letting Chinese Company Build Wind Farm That Would Provide Power To Air Force Base

    02/22/2021 7:49:53 AM PST · by SeekAndFind · 71 replies
    National File ^ | 02/22/2021 | Tom Dees
    Dubbed the “Blue Hills Wind Project,” GH America Energy, a company owned by Shanghai billionaire Sun Guangxin, plans to purchase nearly 130,000 acres of land immediately across from Laughlin Air Force Base.Guangxin is a former officer in the Chinese army and is the richest person in China’s embattled Xinjiang province. GH America Energy is a subsidiary of Guanghui Energy Company, based out of Shanghai, where Sun Guangxin owns a controlling 44% stake, according to Market Screener. Late last year, Del Rio Mayor, Bruno Lozano, wrote to federal officials close to the matter, “We believe that this project and all future...