Pier Wind would allow for the staging, storage and assembly of some of the world's largest offshore wind turbines, standing as tall as the Eiffel Tower.
Trump’s previous comments criticizing offshore wind have dented market sentiment, with shares of companies such as Orsted, the largest offshore wind developer, falling significantly.
On Monday, November 4, the Swedish government announced, to the surprise of many, the cancellation of 13 offshore projects with a total capacity of 32 GW, all located in the Baltic Sea.
Avangrid has secured two lease areas in the auction of sites for offshore wind development in the Gulf of Maine held by the federal Bureau of Ocean Energy Management (BOEM).
Offshore wind farms provide hard substrate and undisturbed seabed, making them highly suitable locations for restoring the flat oyster population in the North Sea.
