JERA Nex bp, a joint offshore wind venture between BP Plc and Japan’s JERA Co., is shutting down its operations in the United States as policy headwinds intensify under President Donald Trump’s administration, Bloomberg reported.

The company confirmed that all US-based staff will depart in the coming months, effectively ending plans to develop the 2.5-gigawatt Beacon Wind project off the coast of Massachusetts. The decision marks one of the most significant withdrawals by a major foreign investor from the US offshore wind industry since the change in administration.

“Unfortunately, in the present environment we see no viable path to the development of our Beacon Wind project and have concluded that we cannot continue our investment in the market,” JERA Nex bp said in a statement on its website.

The venture’s closure reflects growing uncertainty facing offshore wind developers operating in federal waters, where project approvals and leases are directly influenced by executive decisions. Since returning to office in January, President Trump has moved to block several large-scale wind projects, reversing the previous government’s push for renewable energy expansion.