Trump’s Offshore Wind Crackdown Dents Outlook for Subcontractors

The Trump administration’s attack on the offshore wind industry is squeezing a key revenue stream for the subcontractors that help build wind farms, forcing many to put investment plans on ice.

Fugro NV, a provider of geological data to the energy sector, recently withdrew guidance after issuing three profit warnings in 12 months, partly blaming offshore wind challenges. It also announced a more restrained approach to capital expenditure in 2026, including plans to invest in unmanned service vessels, autonomous ships that can be used for environmental monitoring and hydrographic surveying.