National Grid Records £303 Million Impairment on Paused Offshore Wind Project in New York Bight

National Grid has reported a £303 million impairment on its 2,800MW Community Offshore Wind project in the New York Bight, a joint venture with German developer RWE. The company attributed the write-down to increased regulatory uncertainty affecting offshore wind development in the United States, particularly since the election of President Donald Trump. In its 2024/2025