A Huge Floating Offshore Wind Opportunity Floats Away

The article discusses the significant setbacks faced by the U.S. offshore wind industry under the Trump administration, particularly during his second term. Offshore wind, especially floating offshore wind technology, represents a major opportunity for the U.S. given its extensive coastal resources, including shallow Atlantic waters suitable for monopile turbines and deeper waters along the Pacific coast ideal for floating platforms. These floating platforms offer advantages such as avoiding conflicts with fishing, shipping, and naval operations, as well as preserving coastal views. Despite this potential, the Trump administration has aggressively targeted and dismantled much of the domestic offshore wind sector, resulting in job losses and lost economic opportunities. A key example highlighted is the Department of Justice’s September 2023 reversal of approval for the Maryland Offshore Wind Project, which had previously been fully permitted by state and federal agencies. This move has drawn sharp criticism from industry groups like the Oceanic Network, which warn that such actions will raise electricity costs, deter private investment, delay economic growth, and weaken the power grid