Trump’s latest salvo to upend offshore wind: Pay firms not to build it

March 23, 2026 at 8:30 PM
Maria Gallucci

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Summary

In its efforts to block U.S. offshore wind development, the Trump administration has halted project construction , rolled back tax credits , and spread misinformation . Now, in the latest maneuver, the administration is paying a global energy giant nearly $1 billion to walk away from its plans to install turbines off…

In its efforts to block U.S. offshore wind development, the Trump administration has halted project construction , rolled back tax credits , and spread misinformation . Now, in the latest maneuver, the administration is paying a global energy giant nearly $1 billion to walk away from its plans to install turbines off…

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