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.

We are going to make sure that that ends on Day 1,” Trump said in a May speech. “I’m going to write it out in an executive order. It’s going to end on Day 1."

Opponents of offshore wind energy projects expect President-elect Donald Trump to kill an industry he has vowed to end on the first day he returns to the White House.