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Stock impact report

Construction finishes on a major offshore wind farm, the first during Trump's tenure [Los Angeles Times (CA)]

GE Vernova Inc. (GEV) 
Offshore construction was completed Friday night on Vineyard Wind with the installation of the final blades, Craig Gilvarg, a spokesperson for the project, said Saturday. Trump, who often talks about his dislike of wind power, has said his goal is to not let any “windmills” be built. Vineyard Wind was one of five major East Coast offshore wind projects on which his administration halted construction days before Christmas, citing national security concerns. Developers and states sued, and federal judges allowed all five to resume construction, essentially concluding that the government did not show that the national security risk was so imminent that construction must halt. Another one of the five, Revolution Wind, began sending power for the first time to New England's electric grid on Friday and will scale up in the weeks ahead until it is fully operational. While Revolution Wind just began delivering power, Vineyard Wind has been doing so for over a year as more turbines were Show less Read more
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