Factbox-European corporations uncovered as Trump takes intention at US offshore wind

By Susanna Twidale

LONDON (Reuters) – U.S. President Donald Trump in his first day of workplace on Monday suspended new federal offshore wind leasing pending an environmental and financial overview, saying wind mills are ugly, costly and hurt wildlife.

Former President Joe Biden supported the offshore wind trade, setting a goal for 30 gigawatts (GW) of tasks by 2030, up from 42 megawatts on the finish of 2023, prompting many European challenge builders to amass leases and plan wind farms in the US.

Trump’s government order isn’t anticipated to cease current U.S. offshore wind tasks from being superior.

Beneath are a number of the European corporations concerned within the U.S. offshore wind sector:

BP (NYSE:BP) – The British oil main has a lease off the coast of Massachusetts to construct the Beacon Wind challenge that might develop into a part of its newly introduced offshore wind JV with Japan’s Jera.

EDF (EPA:EDF) – By means of subsidiaries France’s state-owned EDF and oil main Shell (LON:SHEL), it has a 50-50 three way partnership, Atlantic Shores, which has approval to construct two tasks off the coast of New Jersey.

EDPR – Portugal’s EDPR has a 50-50 offshore wind JV with Engie known as Ocean Winds, which is creating the Southcoast Wind challenge off the coast of Massachusetts, as a result of start building in late 2025.

Engie – The French firm’s Ocean Winds JV with EDPR can be creating the Bluepoint Wind challenge off the coast of New York and New Jersey, and Golden State Wind off California’s central coast.

Equinor – Norway’s Equinor is creating the Empire Wind challenge that’s anticipated to develop into operational in 2027 and energy round 500,000 New York properties. It might be adopted by a second Empire Wind challenge. Equinor has additionally gained leases to construct tasks off the coast of Delaware and a lease off the coast of California.

Iberdrola (OTC:IBDRY) – The Spanish firm’s U.S. subsidiary Avangrid (NYSE:AGR) has a 50-50 JV with Copenhagen Infrastructure Companions to assemble Winery Wind 1 off the coast of Massachusetts. Additionally it is creating Kitty Hawk Wind, off the coasts of Virginia and North Carolina, and New England Wind 1 and a couple of off the coast of Massachusetts.

Orsted (CSE:ORSTED) – Denmark’s Orsted owns Block Island, the primary operational offshore wind farm within the U.S., off Rhode Island. Additionally it is creating a number of extra tasks off the East coast together with Dawn Wind. 

Orsted on Monday mentioned the commissioning of Dawn Wind had been delayed to 2027 and made public a 12.1 billion Danish crowns ($1.68 billion) impairment regarding greater prices and delays.

RWE (LON:0HA0) – Germany’s RWE and Britain’s Nationwide Grid (LON:NG) have partnered to develop offshore wind tasks within the Northeast U.S. with a lease off the coast of New York and New Jersey. RWE additionally has a lease to develop a floating wind farm off the coast of California.

Shell – The oil main has a JV with France’s EDF to construct two tasks off the coast of New Jersey, known as Atlantic Shores.

TotalEnergies (EPA:TTEF) – France’s TotalEnergies holds two maritime leases within the New York Bight and North Carolina’s Lengthy Bay. The Lengthy Bay challenge will probably be over 1 Gigawatt (sufficient to energy 300,000 properties), with startup in 2030. The challenge offshore New York and New Jersey is held by the Attentive Vitality JV.

($1 = 7.2041 Danish crowns)