Biden’s goal was to deploy 30 gigawatts of offshore wind energy capacity by 2030, enough to power 10 million homes. The current low for the industry is even worse than in late 2023, when contracts for nearly 10 gigawatts of capacity were canceled or at risk.

President Donald Trump’s executive order banning offshore wind projects has brought New Jersey’s first offshore wind project to a standstill.

Announcements of cutbacks and changes in leadership this week showed the offshore industry faces "a series of headwinds."