The acquisition will be supported by financial backing from J&V Energy's partners, Taiwan Life Insurance and He Jun Energy.

Maine, meanwhile, is mired in a long-running debate over where to develop an offshore wind port — Mack Point, an existing industrial port in Searsport, or adjacent Sears Island, an undeveloped state-owned island linked by a causeway.

The president’s order has no immediate effect on offshore wind leases already authorized, including two large areas off California’s coast. But it sends a current of uncertainty through the fledgling renewable energy industry,

President Donald Trump suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.

The order reflects Trump's opposition to wind energy, stating that the consequences of onshore and offshore wind projects 'may lead to grave harm...'

In a sweeping order, President Trump halted federal approvals for new wind farms, in a move that could affect projects on land and in the ocean.

With President Trump's executive actions, some wind projects off the Massachusetts coast, such as the SouthCoast wind project, could be dead in the water.

By Stine Jacobsen COPENHAGEN (Reuters) -Shares in European wind power companies fell on Tuesday after U.S. President Donald Trump suspended offshore leasing for wind on his first day in office, adding to pain in an industry that had turned to the U.

The first Trump administration lost more than three-quarters of the court cases against its regulatory actions, according to New York University’s Institute for Policy Integrity. Many of those cases were brought by state attorneys general, including New York’s.

President Trump calls for a temporary offshore wind moratorium. Here's what to know about the executive order and US Wind proposal

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.