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@ Yahoo! News - by layer3.news
2025-02-13 12:59:47
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✍️ The US offshore wind industry is facing a downturn due to President Trump's plan to end federal support, leading companies to scrap plans and potentially costing thousands of jobs and billions of dollars in investments.
👉 Companies are scrapping plans for investments in US offshore wind infrastructure and supply chains
👉 President Trump's plan to end federal support for offshore wind projects is a major factor in the industry's downturn
👉 The industry has seen a total of around $2 billion worth of orders in the past decade, but nearly $1.5 billion of that amount remains on order or under construction
👉 The decline of the industry could cost thousands of planned jobs and billions of dollars in investments
#NicholaGroom #StephanieFrancoeur #ChristinaRenna #PatrickShim #GordonCarr #NewJersey #NewYork #Massachusetts #Chesapeake,Virginia #Europe #environment
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