Overview
- BOEM issued an Aug. 22 stop-work order on the 704 MW project to allow a review intended to protect U.S. national security and avoid interference with other ocean uses.
- Construction paused with the project about 80% complete, with all foundations and 45 of 65 turbines installed, and long-term contracts to supply 400 MW to Rhode Island and 304 MW to Connecticut.
- ISO New England warned the delay will increase reliability risks for the regional grid starting in 2026, with industry groups saying postponement could raise consumer costs.
- Governors Ned Lamont and Dan McKee, congressional Democrats, and labor leaders urged the administration to let work resume, citing roughly 1,000 union jobs and state clean‑energy goals.
- Ørsted said it is complying, assessing legal options, and proceeding with a planned $9.4 billion rights issue after its shares fell to record lows as renewable energy stocks also declined.