What does President Trump's executive order to halt new offshore wind leases and new permits, while launching a comprehensive review of current ones?

News circulated last week that Trump had tapped New Jersey Congressman Jeff Van Drew, a Republican who’s frequently criticized projects proposed off the coast of his state, to draft an executive order on offshore wind. Industry observers said it may include a moratorium on all development.

Offshore wind is a fledgling industry in the U.S. — one that, until this week, was poised for renewal after a slew of cancelled projects. The Biden administration had set a goal of deploying 30 gigawatts of projects by 2030 (approximately a 150-fold increase from the current amount of offshore wind generation nationwide),