Source: Energy Wire

Excerpt:

A few years ago, the future of the U.S. offshore wind industry looked brighter than ever before.

The Biden administration was pushing an exceptionally aggressive timeline to build the nation’s first fleet of offshore wind farms. Companies were standing shoulder to shoulder with lawmakers dockside from Massachusetts to Maryland, promising good jobs, ship building, clean energy and climate action.

But that optimism has soured in recent months, with canceled wind contracts in New England, massive financial losses from major developers, stalled manufacturing plans, and calls on President Joe Biden from states like Massachusetts and New York to do more to save the industry from the economic storm.

Read more: Offshore wind is at a crossroads. Here’s what you need to know.