Wind companies invest $93M in mid-Atlantic despite looming Trump opposition

The offshore wind industry showed resilience by committing $93 million in bids for mid-Atlantic projects, undeterred by the potential return of Trump to the White House.

Kelsey Tamborrino reports for POLITICO.

In short:

The Biden administration secured $93 million in bids for offshore wind projects off Delaware, Maryland and Virginia despite industry challenges and political uncertainty.
Trump has vowed to target the offshore wind industry if reelected, but developers appear confident in the sector's long-term prospects.
The Interior Department auction results reflect growing state-level commitments to offshore wind, with major projects planned for the mid-Atlantic.

Key quote:

“Today’s lease sale reflects the forward momentum we are seeing to power millions of American homes with clean energy and create good-paying, climate jobs.”

— Ali Zaidi, White House climate adviser

Why this matters:

The auction's success suggests continued confidence in offshore wind development, even as political threats and economic challenges loom. The projects are significant for meeting renewable energy targets and mitigating climate change.

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