Equinor Suspends Work on $3 Billion Offshore Wind Farm

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Equinor has suspended work on its $3 billion offshore wind farm Empire Wind 1 due to a Trump administration stop-work order citing national security concerns, affecting five offshore wind projects.

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Market impact analysis based on bearish sentiment with 78% confidence.

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Bearish
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78%

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Norway’s Equinor said it had suspended work on the offshore wind project Empire Wind 1 following a Monday stop-work order issued by the Trump administration. The order relates to a pause on the leases of five offshore wind power projects, declared by the Department of the Interior on national security grounds as identified by the Department of War. Because of these national security concerns, Interior “is PAUSING leases for 5 expensive, unreliable, heavily subsidized offshore wind farms!” Secretary Burgum posted on X today. “ONE…

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المقال الأصلي منشور بواسطة OilPrice.com في ديسمبر 23, 2025.
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