In a significant move, President Donald Trump has signed an executive order halting federal leases for offshore wind development on the outer continental shelf, potentially jeopardizing the budding industry in the U.S. This order allows for existing projects to continue but directs a review of current contracts, raising concerns among stakeholders. The offshore wind sector, previously gaining momentum with several projects underway, now faces uncertainty. While this decision might not eliminate offshore wind altogether, it may shift development opportunities abroad, impacting future capacity growth.