Interior Department wants to reevaluate approval for operating Revolution Wind
The review follows the administration's halt of construction at offshore wind farms and canceled leases for future projects, Canary Media reported.
At a glance
The reported move is a stated intent to reevaluate rather than a revocation of the approval, according to Canary Media.
A review aimed at Revolution Wind would touch a financed, operating asset, which suggests federal permitting exposure for offshore wind does not necessarily end at commercial operation.
The Interior Department wants to reevaluate a key approval for Revolution Wind, a $6.2 billion offshore wind project that is already operating, Canary Media reported on Oct. 13.
The reported move is a stated intent to reevaluate rather than a revocation of the approval, according to Canary Media. The outlet described the move as another step in eroding the U.S. offshore wind industry after the administration halted construction at offshore wind farms and canceled leases for future projects.
A review aimed at Revolution Wind would touch a financed, operating asset, which suggests federal permitting exposure for offshore wind does not necessarily end at commercial operation. The earlier steps cited by Canary Media hit projects under construction and leases for projects not yet built, so owners and lenders face a question: how is a federal re-examination of an approval treated once the asset is in service?
Save this analysis and keep the funds you follow together in My Desk.
Sign in to save articles or follow funds.
Energy TransitionSolar industry spends to flip control of Georgia's utility commission, Canary Media reports
Energy TransitionQcells aims to build world's first big factory for next-generation tandem solar
The Wrap