Wind industry bosses have warned of “negative spillover” effects on investor sentiment after the Trump administration suspended leases on all large US offshore wind projects on national security grounds.
Henrik Andersen, chief executive of Vestas, Europe’s largest wind turbine maker, and president of industry body WindEurope, said uncertainty in offshore wind markets could push up the cost of capital, as investors price in greater risks.
He described 2025 as a “rollercoaster” year for offshore wind developers after being hit by stop-work orders from the Trump administration, which argues the technology is expensive and unreliable on top of the national security concerns.
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