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(Reuters) – Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump’s administration reverses a decision to halt the construction, the Norwegian group said on Wednesday. In a blow to the nascent U.S. offshore wind industry, Interior Secretary Doug Burgum said …
Equinor Says it Could Lose Billions on Trump’s Wind Power Clampdown Read More »
Summary Germany’s RWE holds three offshore wind leases in U.S. waters RWE said last month it had pared back U.S. activity to minimum CEO cites ‘political developments’ (Reuters) – One of the world’s top offshore wind developers, Germany’s RWE, has stopped work on its U.S. projects for now in light of recent moves against the …
Major Offshore Wind Developer Has Stopped Activities in United States Read More »
(Reuters) – The Trump administration on Wednesday said it would implement an emergency permitting process for energy and mining projects on federal lands, slashing approval times that typically take months or years to at most 28 days. The U.S. Department of the Interior move is in response to President Donald Trump’s national energy emergency declaration, which …
Republican lawmakers working to extend U.S. President Donald Trump’s tax cuts legislation are facing a clean-energy conundrum back home, as major clean energy investments in their districts are at odds with Trump’s skepticism of the industry. Eleven of the 26 Republicans on the House of Representatives’ tax-writing Ways & Means committee, who are now crafting …
Republican Lawmakers Face Clean-Energy Conundrum as They Work on Tax Bill Read More »
By Nichola Groom April 17 (Reuters) – The Trump administration’s decision to halt construction of Equinor’s (EQNR.OL) Empire Wind 1 farm off the coast of New York late on Wednesday sent shockwaves through the offshore wind industry, raising concerns that fully-permitted developments representing billions in investment are not safe. U.S. President Donald Trump had campaigned …
Trump Order to Halt NY Wind Project Stuns Offshore Industry, Threatens Other Projects Read More »
(Reuters) – Norway’s Equinor will halt offshore construction of its Empire Wind I project in New York state, following a stop-work order from U.S. Interior Secretary Doug Burgum, the company said on Thursday. The sudden order marks a major blow for the company and the nascent U.S. offshore wind industry, which previously enjoyed substantial support …
Equinor Halts Offshore Construction of Empire Wind Project in the US Read More »
April 8 (Reuters) – A prominent energy research firm slashed its five-year outlook for new U.S. wind energy projects by 40% on Tuesday, citing Trump administration policies and concerns about the economy. Wood Mackenzie expects the United States to install 45.1 gigawatts of wind, both onshore and offshore, through 2029. It had originally forecast installations …
Wood Mackenzie Cuts 5-year US Wind Energy Outlook 40% on Trump Policies Read More »
Researchers see negative impacts across the board, but some countries and industries are far more exposed. Solar and onshore wind should fare better. One set of US President Donald Trump’s tariffs went into effect on Saturday. The rest are due to begin Wednesday. Stock markets around the world have taken a nosedive, with some indices cratering even …
Clean Energy Already Has Big Trade Barriers. Now Comes Trump Read More »
(Reuters) – Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump’s administration. Offshore wind was a key pillar of former President Joe Biden’s promise that fighting climate change will create jobs and invigorate the economy. In 2023 …
US Offshore Wind Farm Projects Slow as Trump Opposition Adds to Hurdles Read More »
By Bjørn Lomborg Global evidence is clear: Adding more solar and wind to the energy supply pushes up the price of electricity for consumers and businesses. Families in Ontario know this already from their bitter experience: from 2005, the Ontario government began phasing out coal energy and dived headlong into subsidizing wind and solar generation. Those green …
COMMENTARY: Solar and Wind Power Are Expensive – Fraser Insitute Read More »
