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ARTICLE · 22 NOVEMBER 2024

Offshore Wind In The Second Trump Administration

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The offshore wind space in the U.S. is set for a period of uncertainty following the re-election of Donald J. Trump on November 5th. While there is still a lack of clarity around his future plans and potential outcomes...

United StatesEnergy and Natural Resources
Samuel Zarkower
Samuel Zarkower
Joshua Sturtevant
Joshua Sturtevant
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The offshore wind space in the U.S. is set for a period of uncertainty following the re-election of Donald J. Trump on November 5th. While there is still a lack of clarity around his future plans and potential outcomes, Trump's rhetoric on the campaign trail and, importantly, actions undertaken during his previous administration, suggest that development in the space could be headed for a slowdown due to executive action, instability due to the threat of such action, or both.

One of the most pertinent datapoints looking ahead to Trump's second term is the moratorium his administration placed on offshore wind in 2020. While it did not apply to existing leases, the moratorium banned the consideration of new offshore wind and oil and gas leases for exploration, development or energy production off the coasts of Florida, Georgia, North Carolina, South Carolina and Virginia.

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