Economic Outlook for Offshore Winds 'Not Promising': US Energy Secretary Chris Wright
September 3, 2025
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11:11Now PlayingEconomic Outlook for Offshore Winds 'Not Promising': US Energy Secretary Chris Wright
YouTube Description
as posted by the channelUS Energy Secretary Chris Wright defended the Trump administration’s moves against the offshore wind industry, calling the renewable power source a “government-funded business.”
“Offshore wind is twice as expensive as onshore wind, and we wouldn’t have a big onshore wind industry without a lot of subsidies,” Wright said in a Bloomberg Television interview Wednesday. “I would say the economic outlook for offshore wind in the United States is not promising.”
United States Energy Secretary Chris Wright discusses what the economic outlook looks like for offshore wind projects under the Trump Administration. He also shares his thoughts on potential secondary sanctions on Russia and which other countries may be effected by the sanctions, and if these sanctions, specifically on Russia oil, will cost Americans more. Lastly, Wright address where the subject of climate change lands in the Department of Energy. Chris Wright speaks with Joe Mathieu and Kriti Gupta on the late edition of Bloomberg's "Balance of Power."
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