Trump allows New York offshore wind project
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Federal orders issued under the Trump administration halted construction of New York’s Empire Wind Project, triggering legal challenges and raising concerns about the impacts on New York’s energy supply going forward.
Shares of offshore wind developer Orsted rose 15% on Tuesday after the U.S. administration revoked an order to halt work on a project by peer Equinor, easing concerns over the Danish company's U.S. projects under development.
The administration’s order that stopped work on the New York project served as a warning for the entire offshore wind industry in the U.S.
Measure in tax bill to compensate investors for losses by 'subsequent federal actions' currently geared up for fossil sectors and may not even be effective, say experts
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