US Wind has said that efforts by the administration of US President Donald Trump to revoke permits for the Maryland Offshore Wind Project could bankrupt the company.
The developer issued the warning in a filing for an ongoing court case surrounding the federal Construction and Operations Plan (COP) for the up-to 2.2GW array.
“If the COP is lost, surrendered, forfeited, revoked or otherwise not maintained in full force and effect, US Wind’s investors have the right to declare US Wind to be in default on the repayment of the Company’s debt and/or refuse to extend the additional financing needed to complete construction of the Project,” the developer told the court.
“Either of these consequences could result in US Wind’s bankruptcy.”
The company is seeking a preliminary injunction against the federal government’s September decision to revoke to the COP, and maintain the status quo until the court has ruled on a challenge to the government’s move from the municipality of Ocean City, Maryland.
US Wind has been contacted for comment.