Massachusetts Offshore Wind Farm Postponed Four Years Due to Uncertainties

Yet another major U.S. offshore wind farm is being delayed with the executives citing the uncertainties created in the market since the election of Donald Trump. Portugal’s EDP Renewables reported as part of its earnings that it will be taking an impairment charge despite the fact its project off Massachusetts is fully permitted and while saying the company still believes in the project.

The lease for Southcoast Wind (originally known as Mayflower Wind) was awarded in December 2018 and the project is under development in a joint venture between EDP Renewables and Engie. The wind farm was selected in the tri-state solicitation in 2024 with Massachusetts and Rhode Island agreeing to split power from the 2.4 GW project. In…