“Wind is a national security threat” is a statement likely never uttered by anyone prior to Trump. Under this odd pretense his administration is currently poised to throw away billions of dollars and the infrastructure powering 350,000 American homes in just one of their recent attacks on offshore wind farms. A recent article for the New York Times by Brad Plumer and Karen Zraick outlines the clash between the Trump administration and Orsted, a Danish energy company. Orsted is currently suing over what they claim to be the unlawful halt of their Rhode Island offshore wind farm. Developers at Orsted are rightfully angry as they have already put $5 billion into the project and would be subject to another billion in penalties if they cannot complete it. In addition to money already invested, they stand to lose billions in future revenue. This is not president Trump’s first attack on wind energy. Earlier this year in April his administration ordered Empire Wind, another multi-billion dollar farm off the coast of New York, to close despite receiving the necessary permits from the Biden administration. Currently, Trump has little power to legally stop projects that have already received permits. With the rising presence of the national guard in cities across the country, however, there may come a time when stop-work orders are backed by force rather than the law. It may be a risky investment, but with Orsted’s stock price reaching record lows last month following the order, the upside of investing in wind farms during these turbulent and unpredictable times may be too great to pass up.
