Bernstein, a Wall Street research firm, estimates that the price of land-based wind turbines, which sell for millions of dollars each, has increased 40 percent since 2021, while the cost of building wind farms off the United States has risen by a third, a big number for projects that cost billions.

Trump's promise to "end" the offshore wind industry could threaten California's clean energy goals, potentially cutting off federal funds.

The Northeast’s struggling offshore wind developers really could have used a win on Election Day. Instead, they got Donald Trump.