{"id":4991,"date":"2026-07-20T13:08:41","date_gmt":"2026-07-20T13:08:41","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=4991"},"modified":"2026-07-20T13:08:41","modified_gmt":"2026-07-20T13:08:41","slug":"as-trump-buyouts-shake-offshore-wind-industry-states-hope-developers-stay-in-the-game","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=4991","title":{"rendered":"As Trump buyouts shake offshore wind industry, states hope developers stay in the game"},"content":{"rendered":"
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By Alex Brown, Stateline.org<\/strong><\/p>\n

President Donald Trump has shown the immense power of the executive branch to stymie offshore wind development, as nearly all projects are in waters where federal agencies operate as the landlord.<\/p>\n

Read more Bay Area events calendar for July 24-30 weekly editions<\/a><\/p>\n

Now, as the feds block new permits and dangle billion-dollar buyout offers to convince developers to walk away from their projects, state leaders are hoping some companies share their conviction that the industry can be revived after Trump leaves office.<\/p>\n

\u201cAny honest assessment of where we need to be to meet our climate goals depends on a thriving offshore wind sector,\u201d said New York state Sen. Andrew Gounardes, a Democrat.<\/p>\n

New York and many other East Coast states have set aggressive targets for offshore wind power, both to meet rising energy demands and transition to clean energy sources. But Trump\u2019s attacks on the industry threaten to scare off companies from making the massive long-term investments required to pursue offshore wind projects.<\/p>\n

\u201cIf there\u2019s no business opportunity here, then they\u2019re not going to stay here and invest here,\u201d Gounardes said. \u201cThey\u2019re not going to lay around with good intentions doing nothing, and we\u2019re going to lose out because of that.\u201d<\/p>\n

Federal opposition<\/strong><\/h4>\n

Last week, Trump\u2019s Department of the Interior announced a $129 million deal with Duke Energy to relinquish its lease to build an offshore wind farm off the coast of North Carolina. The company pledged to reinvest the money into other forms of energy.<\/p>\n

Since March, Trump officials have struck four such agreements totaling more than $2.5 billion to get developers to give up on their offshore wind plans. Some analysts say the federal government\u2019s ability to blockade pending projects has caused some companies to reconsider their investments.<\/p>\n

\n<\/div>\n

\u201cIf you have a lease that appears to be going nowhere for at least the next three years, you want to pivot to other options,\u201d said Timothy Fox, managing director at ClearView Energy Partners LLC, an independent research firm. \u201cThere\u2019s still a lot of leases out there, but the Trump administration has made this aggressive push, and we think there could be future similar announcements.\u201d<\/p>\n

According to Fox, developers hold leases for roughly two dozen other offshore wind areas, agreements that could be targeted for similar buyout deals.<\/p>\n

While developers consider buyout offers from the federal government, state leaders say such deals are illegal. Seven states filed a earlier this month saying the administration lacks the authority to cancel the leases and pay out funds, focused on a March deal with TotalEnergies to block a project off of New York.<\/p>\n

The lawsuit challenges the administration\u2019s use of a federal fund set aside to pay court judgments and settlements of lawsuits against the government. The deal, state attorneys general argue, \u201cis not the result of a compromise settlement between adverse parties, but rather an agreement resulting from [federal officials\u2019] pretextual national security concerns and TotalEnergies\u2019 desire to receive unauthorized compensation for an expensive offshore wind lease.\u201d<\/p>\n

\n<\/div>\n

The state of California has also announced that it intends to file a lawsuit over another buyout targeting a lease area off the state\u2019s Pacific coast.<\/p>\n

Since taking office, Trump has halted permits and leases for other planned offshore wind projects, canceled hundreds of millions in funding to support manufacturing and ports and ended clean energy tax credits. His administration also issued stop-work orders for five offshore wind projects that were already under construction, but courts have overturned those orders and allowed work to resume.<\/p>\n

Aside from the five wind farms currently being built, progress on dozens of other pending projects has ground to a halt.<\/p>\n

\u201cThere\u2019s little to be done if the federal government still controls the permits, leases and pace of development,\u201d said Fox, the researcher.<\/p>\n

State goals<\/strong><\/h4>\n

The clash comes as many East Coast states have been counting heavily on the maturation of the offshore wind industry to meet their energy needs. Eight Atlantic states have committed to building more than 45 gigawatts of offshore wind by 2040 \u2014 enough to power more than 30 million homes. They\u2019ve made major investments in ports, manufacturing facilities, transmission infrastructure and workforce training.<\/p>\n

In addition to their climate goals, many states are facing surging energy demands, largely driven by data centers and artificial intelligence.<\/p>\n

Read more \u2018King of the North\u2019 Andy Burnham went from Manchester mayor to Britain\u2019s new leader<\/a><\/p>\n

State leaders say that offshore wind farms can harness massive amounts of electricity, especially during nighttime and winter periods when solar power is in short supply. For heavily populated East Coast states, with limited areas to put sprawling energy projects on land, tapping into strong winds over the ocean has become a major part of their strategy.<\/p>\n

\u201cOffshore wind is key to a future that allows us to move off of fossil fuels,\u201d said Maryland state Del. Lorig Charkoudian, a Democrat who has been a strong backer of offshore wind. \u201cEvery time the (Trump administration) makes these moves, it reminds me that their numbers show how much offshore (wind) would allow us to retire fossil fuel plants.\u201d<\/p>\n

Trump has long opposed offshore wind, falsely asserting that it harms whales, is unreliable and drives up energy costs. While offshore wind generation is intermittent, it has a much higher capacity factor than onshore renewables, meaning that it operates for longer periods at its maximum output level. New offshore wind projects have capacity factors that match some gas and coal-fired power plants, according to the International Energy Agency.<\/p>\n

While still more expensive than onshore renewables, offshore wind projects globally produce electricity at a rate cheaper than natural gas and coal plants, according to Energy Solutions Intelligence, a digital consulting platform.<\/p>\n

Backers and energy analysts say offshore wind in the U.S. should become cheaper over time as supply chains mature and investments in ports and other infrastructure pay off.<\/p>\n

The Department of the Interior did not grant a Stateline interview request about its buyout deals for offshore wind projects, but the agency has claimed in statements that the deals will lower energy prices.<\/p>\n

Changing plans<\/strong><\/h4>\n

Many state leaders acknowledge that the delays caused by Trump\u2019s opposition will cause them to miss their targets for building new projects over the next 5 to 10 years. But they say the industry is still essential for meeting their long-term climate goals and energy needs.<\/p>\n

\u201cI don\u2019t think anyone is at the point of saying no offshore wind ever again,\u201d said Gounardes, the New York lawmaker. \u201cIt might not be part of the alchemy in the near future, but it certainly must be part of the alchemy to meet our overall goals.\u201d<\/p>\n

For now, state leaders are hoping their ongoing commitments to offshore wind will convince developers to wait out the remainder of Trump\u2019s term and stay in the U.S. market.<\/p>\n

\u201c[The buyouts] are a blow to the industry, but it\u2019s not a death knell but there are other projects out there that are still in some stage of development,\u201d said Sam Schacht, project director for offshore wind with the Clean Energy States Alliance, a nonprofit coalition of state energy agencies.<\/p>\n

\u201cThere\u2019s this bad news story happening about the attempts to erode these future projects, while at the same time there\u2019s a very positive story about the projects that are under construction and producing power now and their ability to capably meet states\u2019 power demands.\u201d<\/p>\n

While states play the waiting game with offshore wind, they\u2019re making new plans to meet their energy needs in the near term. Lawmakers in Maryland have invested in battery storage, which Charkoudian described as a \u201cno-regrets\u201d option that can help meet energy needs today while complementing offshore wind once it comes online.<\/p>\n

Other states, including New York and New Jersey, have looked at increasing subsidies for nuclear power.<\/p>\n

\u201cI wouldn\u2019t say that they\u2019re giving up on offshore wind, but states are pivoting to other carbon-free resources that are favored by this administration, namely nuclear power,\u201d said Fox, the energy researcher.<\/p>\n

Stateline reporter Alex Brown can be reached at<\/em> abrown@stateline.org<\/em>.<\/em><\/p>\n

\u00a92026 States Newsroom. Visit at stateline.org. Distributed by Tribune Content Agency, LLC.<\/em><\/p>\n

Read more 49ers\u2019 offensive line seeks left guard \u2014 and NFC West kryptonite<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Many East Coast states have set aggressive targets for offshore wind power.<\/p>\n","protected":false},"author":1,"featured_media":4990,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAs Trump buyouts shake offshore wind industry, states hope developers stay in the game - Next City Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextcitydigest.com\/?p=4991\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As Trump buyouts shake offshore wind industry, states hope developers stay in the game - Next City Digest\" \/>\n<meta property=\"og:description\" content=\"Many East Coast states have set aggressive targets for offshore wind power.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nextcitydigest.com\/?p=4991\" \/>\n<meta property=\"og:site_name\" content=\"Next City Digest\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-20T13:08:41+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=4991#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=4991\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/#\\\/schema\\\/person\\\/13065d40d633843429ac57d4e5c06f9b\"},\"headline\":\"As Trump buyouts shake offshore wind industry, states hope developers stay in the game\",\"datePublished\":\"2026-07-20T13:08:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=4991\"},\"wordCount\":1392,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=4991#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextcitydigest.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/487a81d6f93480c00a04049d3bdab998.webp\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/nextcitydigest.com\\\/?p=4991#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=4991\",\"url\":\"https:\\\/\\\/nextcitydigest.com\\\/?p=4991\",\"name\":\"As Trump buyouts shake offshore wind industry, states hope developers stay in the game - 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