Donald Trump expressed displeasure with wind turbines, labeling them as unattractive and detrimental to New Jersey's economy. He noted a 28% increase in energy prices this year and criticized the renewable energy project for not lowering costs. His actions have halted billions in offshore wind investments, with federal waters withdrawn from leasing, and permitting frozen. This has led to the cancellation of projects and a significant reduction in investment potential, threatening over $100 billion in future offshore wind spending along the Eastern Seaboard, impacting clean energy goals.
Trump's comments reflect his belief that wind turbines are harming New Jersey's economy and energy reliability, citing a significant 28% rise in energy prices this year.
The administration's stance on wind energy has stalled billions of dollars in investments and created a severe impact on offshore wind projects along the Eastern Seaboard.
With federal waters withdrawn from new leasing and permits frozen, the offshore wind industry faces bureaucratic hurdles that risk delaying over $100 billion in future investments.
Several planned developments have been canceled or abandoned, including one project that lost its power contract after federal regulators revoked its air permit.
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