Close Menu
  • Home
  • Aerospace & Defense
    • Automation & Process Control
      • Automotive & Transportation
  • Banking & Finance
    • Chemicals & Materials
    • Consumer Goods & Services
  • Economy
    • Electronics & Semiconductor
  • Energy & Resources
    • Food & Beverage
    • Hospitality & Tourism
    • Information Technology
  • Agriculture
What's Hot

Goldman Sachs (GS) 2025 Q4 Financial Results

US Senate rejects war powers resolution aimed at curbing President Trump | Donald Trump News

Canada’s Mark Carney aims for reset with important China visit | Political News

Facebook X (Twitter) Instagram
USA Business Watch – Insightful News on Economy, Finance, Politics & Industry
  • Home
  • Aerospace & Defense
    • Automation & Process Control
      • Automotive & Transportation
  • Banking & Finance
    • Chemicals & Materials
    • Consumer Goods & Services
  • Economy
    • Electronics & Semiconductor
  • Energy & Resources
    • Food & Beverage
    • Hospitality & Tourism
    • Information Technology
  • Agriculture
  • Home
  • About Us
  • Market Research Reports and Company
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
USA Business Watch – Insightful News on Economy, Finance, Politics & Industry
Home » U.S. freezes 5 offshore wind projects, causing stock prices to plummet – Energy News, Top Headlines, Commentary, Features, Events
Energy & Resources

U.S. freezes 5 offshore wind projects, causing stock prices to plummet – Energy News, Top Headlines, Commentary, Features, Events

Bussiness InsightsBy Bussiness InsightsDecember 23, 2025No Comments4 Mins Read
Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Outages affect projects by Orsted, Avangrid, Dominion Energy and Equinor; Pentagon raises concerns about radar interference from turbine blades and towers; President Trump campaigns for White House promising to eliminate offshore wind industry

(Reuters) – The Trump administration on Monday suspended leasing for five large offshore wind projects under construction off the U.S. East Coast, citing national security concerns, sending stocks of offshore wind companies plummeting.

The outage was the latest blow to offshore wind developers, who have faced repeated suspensions of multibillion-dollar projects under U.S. President Donald Trump, who has said wind turbines are ugly, expensive and inefficient. State officials, offshore wind companies and industry groups denounced the move as unwarranted.

The U.S. Department of the Interior said the move follows a Pentagon complaint that the movement of large offshore wind turbine blades and the highly reflective towers that support them can cause radar interference, making it difficult to identify and locate threats.

The department said in a press release that the moratorium will allow relevant federal agencies “time to work with leaseholders and state partners to assess the potential to reduce the national security risks posed by these projects.”

“The United States government’s primary duty is to protect the American people,” Secretary of the Interior Doug Burgum said in a statement.

Countries consider their options

According to the release, the suspension affects Orsted’s Revolution Wind and Sunrise Wind projects, Avangrid and Copenhagen Infrastructure Partners’ Vineyard Wind 1 project, Dominion Energy (DN)’s Open in a new tab Coastal Virginia Offshore Wind project, and Equinor’s (EQNR.OL) Open in a new tab Empire Wind 1 project.

New York Gov. Kathy Hochul and Connecticut Attorney General William Tong said in separate statements Monday that states affected by the freeze are considering their options.

“The Trump administration will look for any excuse to continue its attack on clean energy and the thousands of good-paying jobs these projects will bring, but there is no credible justification for this suspension,” Hochul said.

The National Marine Industry Association, a trade group representing offshore wind developers, also urged the administration to quickly end the moratorium, noting the Pentagon’s involvement in approving projects under previous administrations.

“The regulatory process includes a rigorous framework for assessing the national security impacts of proposed projects, and all projects under construction have already been reviewed by the Department of Defense, with no objections,” said NOIA President Eric Milito.

Shares in Danish energy company Orsted (ORSTED.CO), which owns two of the affected projects, were down more than 12% by late morning, with other companies including Dominion and Equinor also falling.

Dominion said the outages threaten the reliability of its power grid for customers in Virginia, including military bases and data centers that power artificial intelligence.

“These electrons will power data centers that build the nuclear-powered warships needed to win the AI ​​race, support warfighters, and maintain maritime supremacy,” the company said in a press release.

Orsted, Equinor and Copenhagen Infrastructure Partners could not immediately be reached for comment.

President Trump’s anti-industry stance

In August, the administration ordered Orsted to halt construction of the Revolution Wind project, which was already underway off the coast of Rhode Island, but a federal judge later lifted the ban.

Earlier this year, the administration reached a compromise with New York state that lifted a stop-work order on Equinor’s Empire Wind, paving the way for construction of a natural gas pipeline backed by President Trump.

Trump campaigned for the White House on a promise to eliminate the offshore wind industry, arguing that windmills are too expensive and harm whales and birds, while promoting oil and gas.

Uncertainty is hurting developers financially. Orsted raised $9.4 billion to fund U.S. projects earlier this year after President Trump’s hostility to wind power deterred potential partners from participating.

Interior Secretary Burgum has previously said the administration is concerned that offshore wind farms could make the United States more vulnerable to attacks by drone swarms.

Reporting by Ryan Patrick Jones in Toronto and Stein Jacobsen in Copenhagen Written by Richard Vardomanis Edited by Doina Chiak, Toby Chopra, Frances Kelly and Rod Nickel

Share this:

Other news articles



Source link

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
Previous ArticleHoliday spending increases 4.2% driven by growth in Visa, AI, technology and apparel
Next Article 4 ways FMCG brands can win on the digital shelf
Bussiness Insights
  • Website

Related Posts

US applies for seizure warrant for dozens of Venezuela-related oil tankers – Energy News, Top Headlines, Commentary, Features, Events

January 14, 2026

Enverus releases 2026 World Energy Outlook, highlighting commodity price pressures, increasing strain on power systems and geopolitical shifts in oil markets – Energy News, Top Headlines, Commentary, Features, Events

January 13, 2026

ExxonMobil still interested in visiting Venezuela despite Trump rebuke – Energy News, Top Headlines, Commentary, Features, Events

January 13, 2026
Leave A Reply Cancel Reply

Latest Posts

‘Hardest year’ for British arable farming, with Frontier profits more than halved

Up to 90 jobs at risk as Muller restructures Skelmersdale dairy facility

‘Farmers need to be treated better’ in new rail plan

Scottish farmers face flat funding again this year under Budget 2026-27

Latest Posts

Boeing will surpass Airbus’ sales in 2025 for the first time since 2018

January 13, 2026

Delta Air Lines (DAL) 2025 Q4 Earnings

January 13, 2026

Greenland and Venezuela crises accelerate huge spending in Europe’s war economy

January 13, 2026

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Goldman Sachs (GS) 2025 Q4 Financial Results
  • US Senate rejects war powers resolution aimed at curbing President Trump | Donald Trump News
  • Canada’s Mark Carney aims for reset with important China visit | Political News
  • Mira Murati’s startup Thinking Machines Lab loses two co-founders to OpenAI
  • Venezuela’s Rodriguez vows to release more prisoners, talks by phone with President Trump | Nicolás Maduro News

Recent Comments

  1. one_jdpa on Hundreds gather in Barcelona to protest overtourism in southern Europe
  2. Salvatore Carnevale on Connect category management to the shopper experience
  3. Jerold Lush on Connect category management to the shopper experience
  4. FrankMoone on 100% tariffs on Trump’s drugs: What we know | Donald Trump News
  5. remont_pcka on Hundreds gather in Barcelona to protest overtourism in southern Europe

Welcome to USA Business Watch – your trusted source for real-time insights, in-depth analysis, and industry trends across the American and global business landscape.

At USABusinessWatch.com, we aim to inform decision-makers, professionals, entrepreneurs, and curious minds with credible news and expert commentary across key sectors that shape the economy and society.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • March 2022
  • January 2021

Categories

  • Aerospace & Defense
  • Agriculture
  • Automation & Process Control
  • Automotive & Transportation
  • Banking & Finance
  • Chemicals & Materials
  • Consumer Goods & Services
  • Economy
  • Economy
  • Electronics & Semiconductor
  • Energy & Resources
  • Food & Beverage
  • Hospitality & Tourism
  • Information Technology
  • Political
Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Market Research Reports and Company
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 usabusinesswatch. Designed by usabusinesswatch.

Type above and press Enter to search. Press Esc to cancel.