How Donald Trump blew the offshore wind industry off course

Rewind a fewer years, and it looked arsenic if offshore upwind mightiness instrumentality disconnected successful the US. The Biden medication moved to open up overmuch of the nation's coastlines to development, blue and adjacent a mates plaything states agreed to work with the White House to velocity things up, and Congress passed sweeping taxation incentives for renewable energy. Now, the tide has turned, and President Donald Trump is waging a warfare connected windmills, attempting to termination projects that are already underway.

Trump's actions are putting tens of billions of dollars of concern astatine hazard arsenic developers effort to forge up with the archetypal batch of commercial-scale projects to interruption crushed successful the US. Even if they survive, the unreality of economical uncertainty astir upwind powerfulness could formed a shadiness implicit the manufacture for years beyond the extremity of Trump's term.

"The outlook is acold dimmer than it was a twelvemonth ago," says Oliver Metcalfe, caput of upwind probe astatine BloombergNEF (BNEF). "It's been non-stop atrocious quality for the US offshore upwind assemblage since Trump took office."

On net calls implicit the past mates weeks, companies gathering offshore upwind farms successful the …

Read the afloat communicative astatine The Verge.