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An offshore wind venture between BP Plc and Japan’s Jera Co. plans to close its operating activities in the US as the clean energy resource faces pressure from the Trump administration. JERA Nex bp — the merged offshore wind units of the two companies — said all team members in the US market will leave …
HALTING OPERATIONS – BP Wind Venture to Halt US Operations as Sector Faces Pushback Read More »
Summary Companies Orders for new US offshore wind vessels have stopped Ports adjust plans, face delays after federal funding losses Trump administration says it can revive US maritime industries without offshore wind (Reuters) – U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, …
US Shipbuilders, Ports Take Knock-On Hit From Trump Assault on Offshore Wind Read More »
(Reuters) – Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic. In North America, natural gas is primed to remain the main power source for factories and production lines thanks …
Energy Transition Set to Divide Manufacturers Across the Atlantic Read More »
(Reuters) – The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy …
US Energy Prices to Spike on Trump’s Axing of Grants, Senator Says Read More »
By Alastair Marsh and Will Mathis The US will struggle to generate the energy it needs to power growth in its tech industry without including wind and solar, according to JPMorgan Chase & Co.’s global head of sustainable solutions. “It’s difficult to conceive of a situation in which they won’t need to tap into those …
JPMorgan Says US Risks Missing Energy Goals Without Wind, Solar Read More »
Seatrium shares drop 6.5% after contract cancellation Maersk cites construction delays Seatrium considers legal action over contract termination Trump administration previously halted Empire Wind project work Oct 10 (Reuters) – Shipbuilder Seatrium (SEAT.SI) said Denmark’s Maersk (MAERSKb.CO) terminated a $475 million contract for a nearly finished offshore wind vessel that was intended to work on …
Maersk Cancels $475 Million Contract For US-Bound Offshore Wind Vessel Read More »
Summary Orsted plans to cut 2,000 jobs by 2027 Danish company to focus more on offshore wind and Europe Reuters) – Orsted, the world’s biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on Europe after setbacks in the U.S. …
Orsted Axes Quarter of Jobs, Pivots to Europe After US Setbacks Under Trump Read More »
By Gavin Maguire LITTLETON, Colorado, Oct 8 (Reuters) – Texas’s main power generation system is on track for a rare contraction in fossil fuel-fired generation in 2025, as long as output from the state’s massive wind farms rises sharply as expected during the final quarter of the year. During the first nine months of 2025, …
COMMENTARY: Texas Wind Speeds in Focus As Rare Fossil Fuel Output Cut in Reach Read More »
(Reuters) – The U.S. government is considering cancelling an additional $12 billion in clean energy funding, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters. The projects on the list include two major direct air capture hubs that received billion-dollar awards from the administration of former …
Trump Administration Mulls Additional $12 Billion Clean Energy Funding Cut Read More »
By Akshat Rathi A model of a floating solar farm displayed at the Trina Solar Co. offices in Changzhou, Jiangsu province, China, on Friday, Sept. 26, 2025. Industry giants including Trina Solar have announced billions on overseas factories in more than 50 countries. Photographer: Qilai Shen/Bloomberg There’s a battle underway to win the energy export …
The Energy Export Race Has a Clear Winner: China Read More »
