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In recent weeks, the Trump Administration has taken a series of actions to curtail federal support for offshore wind development. The most visible step was the U.S. Department of Transportation’s cancellation of roughly $679 million in funding for 12 offshore wind projects across 11 states. In addition, the Administration halted construction of the nearly complete $4 billion Revolution Wind project serving Rhode Island and Connecticut, citing national security concerns. An earlier executive...

Beta Renewables, a joint venture between chemical company Gruppo Mossi & Ghisolfi and investment company TPG, announced that it had begun commercial production at its cellulosic ethanol plant in Crescentino, Italy, at a price competitive with corn ethanol and gasoline. Novozymes, the leading producer of enzymes used for biofuels production, has invested in Beta Renewables. Beta Renewables expects to export the technology to develop about 20 new plants by 2017.