EDP SA has paused three US offshore wind projects due to limited policy visibility under the Trump administration, underscoring how regulatory uncertainty is weighing on renewable energy investment decisions.
The projects — located in Massachusetts, New York and California — have been scaled back to minimum activity levels, including reductions in staffing to maintain essential work, according to Chief Executive Officer
“They’re in hibernation mode,” Stilwell d’Andrade said in an interview at the company’s Lisbon headquarters on Wednesday, adding that EDP has held off taking final investment decisions to avoid potential losses. “We’ve basically parked our ...