Offshore Wind

Bureau of Ocean Energy Management

Trump Administration Suspends Five Major Offshore Wind Projects; Industry Expected to Suffer Unprecedented Setback

The Trump administration announced in December 2024 that construction work on five major U.S. offshore wind farms had been suspended due to national security concerns, impacting billions in investment projects totalling billions total with Dominion Energy already filing suit to resume work on its largest windfarm project - this unprecedented challenge to an emerging offshore wind sector was taken as the ultimate result of such actions taken against construction of five offshore wind farms totalling billions in investments total.
Germany

Recent global developments regarding offshore wind policy, auctions and climate diplomacy make March a fascinating month.

Over the past month, offshore wind was driven by changing policy signals, auction design debates, and climate diplomacy. In Germany, industry groups called for tenders to be delayed to 2026 as the market adjusted to rising costs and an unsuccessful auction held in 2025; globally, at COP30, there was new analysis showing that existing national targets could still support a tripling of offshore capacity by 2030, even with notable slowdowns occurring within some nations (namely, the U.S.).