How U.S. Politics Killed a Nearly Complete Offshore Wind Farm

The abrupt halt of Ørsted’s Revolution Wind project off Rhode Island has become one of the most striking examples yet of political interference derailing sound economic logic. This was not a struggling venture or a risky experimental bet. It was a nearly complete, multi-billion-dollar project designed to deliver clean power to more than 350,000 households. Eighty percent of the turbines were already in place, the investment had largely been sunk, and the project had a clear pathway to profitability. Yet the U.S. government ordered…