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Trump Targets $6.2 Billion Offshore Wind Project Nearing Completion

Trump Targets $6.2 Billion Offshore Wind Project Nearing Completion | EN590 Commodities Group
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Trump Targets $6.2 Billion Offshore Wind Project Nearing Completion

October 24, 2026
Source: oilprice.com
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Dips Into Strategic Oil Reserve Again Amid Supply Disruptions Rising manufacturer concentration and the… Felicity Bradstock is a writer and journalist based in Mexico City.

She writes for energy websites and covers several other industries, as well as writing… United States President Donald Trump has repeatedly targeted offshore wind since coming into office last year, as he strives to expand the country’s fossil fuel sector and shift the focus away from renewable energy.

Trump has sought to halt the development of several offshore wind projects and has even resorted topaying companies to relinquish their leaseson areas off the U.S.

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coast to instead invest in oil and gas projects.

Now, Trump is looking to rescind approval for Connecticut’s first offshore wind project, Revolution Wind, as it nears completion.

The Trump administration is aiming to halt the $6.2 billion development, having filedamotioninanongoingfederallawsuit.

Department of the Interior (DoI) hopes to win the right to rescind the agency’s three-year-old approval of the Revolution Wind project, which is located off the coast of Rhode Island.

The original suit was filed by the anti-wind-energy group Green Oceans in 2024, challenging the approval of the project and its sister project, South Fork Wind.

The recent filingstates, “The Department of the Interior agrees that remand of its prior approval of the construction and operations plan (COP) for the Revolution Wind Project is warranted so that the agency can reevaluate its compliance with the Outer Continental Shelf Lands Act.” And “Given that remand, the Court need not reach Plaintiffs’ other claims challenging Interior’s COP approval.” The developer of the Revolution Wind project, Denmark’s energy major Ørsted, has not yet commented on the filing.

However, the 704-MW project has been delivering power to New England since March and isexpectedto be fully operational by the end of the year, when it will begin supplying electricity to around 350,000 homes and businesses.

The DoI issued a statement in which it said, “The Department of the Interior is complying with a briefing schedule, not announcing a policy change.

Our position has remained consistent throughout this administration, and this filing should not be misconstrued as a shift in the Department’s approach to offshore wind.” While the DoI filing did not mention any specific concerns that warranted the reversal of its original stance on the project, it did criticise the Bureau of Ocean Energy Management’s (BOEM) 2023 record of decision for failing to “adequately explain” how the potential impact fits within the agency’s mission to provide for other uses within U.S.

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Indicative Market Prices October 24, 2026 20:47 UTC
ProductPriceChange
Brent Crude$102.14/bbl +0.34%
WTI Crude$96.90/bbl +0.21%
EN590 Diesel$846/MT +0.18%
Jet Fuel A-1$1090/MT +0.55%
Mazut M100$450/MT -0.15%
Bitumen 60/70$470/MT +0.08%
Sulphur Gran 99.5%$470/MT -0.44%
Urea 46% Gran$650/MT +1.12%
NPK 16-16-16$460/MT -0.28%
Nat Gas TTF$15.42/MMBtu +0.92%
* Indicative prices for reference only. Contact us for firm offers.
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