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France’s EDF writes down US offshore wind project

Summary by The Local - Fr
France’s state-owned electricity firm EDF said Friday it had decided to write down the value of its stake in a major US offshore wind project following actions by President Donald Trump to block wind turbines.

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The Local - FrThe Local - Fr

France’s EDF writes down US offshore wind project

France’s state-owned electricity firm EDF said Friday it had decided to write down the value of its stake in a major US offshore wind project following actions by President Donald Trump to block wind turbines.

·France
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The Maritime ExecutiveThe Maritime Executive

New Challenges and Delays for U.S. Offshore Wind Projects

The offshore wind energy sector has remained in flux since the inauguration of Donald Trump and his new administration which has paused the efforts of the Biden administration and seems poised to abandon future projects. This week, BP Renewables became the latest to stall one of its projects in the U.S. pipeline while others continue to show signs of retrenching and shifting to a longer-term focus. BP in a filing with the New York Public Service…

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Macau BusinessMacau Business

France's EDF writes down US offshore wind project

France’s state-owned electricity firm EDF said Friday it had decided to write down the value of its stake in a major US offshore wind project following actions by President Donald Trump to block wind turbines. EDF said it had written down by 900 million euros ($940 million) in its accounts the value its stake in the Atlantic Shores joint venture with Shell to build wind farms off the coast of New Jersey. Trump — who has long ranted against wind …

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The Local - Fr broke the news in France on Friday, February 21, 2025.
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