Offshore Wind Energy in the U.S. Goes Out Of Business
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that Donald Trump’s decision to halt offshore wind projects has dealt a major blow to renewable energy in the U.S. Danish wind company Ørsted has taken a $1.5 billion write-off on its Revolution Wind project and is struggling to survive after its stock fell 90% in three years. With offshore wind projects frozen, America’s clean energy expansion faces significant setbacks.
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