EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Trump casts chill over US wind energy sector

Andrew Murphy by Andrew Murphy
January 26, 2025
in Other
Reading Time: 7 mins read
A A
3
98
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Windmills make up about 10 percent of US energy production, with the largest output in the Republican-led states of Texas, Iowa and Oklahoma. ©AFP

Washington (AFP) – Donald Trump has long ranted against wind energy — claiming turbines are unsightly, dangerous to wildlife and too expensive — with him threatening to upend decades of industry progress just a few hours after resuming power.

Related

Swiss insurers estimate glacier damage at $393 mn

Brazil sells exploration rights to oil blocks near Amazon river mouth

Taiwan tests sea drones as China keeps up military pressure

G7 leaders urge Trump to ease off trade war

Oil prices jump, stocks drop as traders track Israel-Iran crisis

“We’re not going to do the wind thing,” Trump said Monday as he returned to the Oval Office for the first time in four years as commander-in-chief. “Big, ugly windmills,” he said as he signed a series of executive orders that has brought the sector into crisis, adding that “they kill your birds, and they ruin your beautiful landscape.”

Among the measures were a temporary freeze on federal permitting and loans for all offshore and onshore wind projects. Jason Grumet, president of the American Clean Power Association (ACP), quickly slammed the move, saying it “increases bureaucratic barriers, undermining domestic energy development and harming American businesses and workers.” After the announcements, wind-related stocks fell into the red.

“It’s had a real cooling effect on the sector,” Elizabeth Wilson, an offshore wind specialist at Dartmouth University, told AFP. Conflict-weary developers are already “backing away from some of these projects,” she said. Coming at the same time as he has declared a “national energy emergency,” some observers have noted a contradiction in Trump’s assault on wind energy.

Though not as robust as in Europe, wind energy in 2023 accounted for some 10 percent of US electricity production — more than twice as much as solar. Onshore wind power is also relatively inexpensive, according to experts, with the price per megawatt-hour ranging from $27 to $73 in 2024, far less than nuclear or coal — though rates could fluctuate in the future.

Ember, an energy think tank, warned on Thursday that the United States “risks being left behind in the clean industrial revolution” as major economies such as China are increasingly “embracing wind as a source of cheap, clean electricity.” It remains to be seen what the long-term effects of Trump’s actions will have on the sector, which has already faced struggles in the United States in recent years due to rising costs from inflation and interest rates, along with mounting local opposition to projects.

The offshore wind industry, still in its infancy in the United States, is likely to be the hardest hit, according to Wilson, as the majority of exploitable marine areas are in federal waters subject to Trump’s measures. However, “most of the onshore development happens on private lands where the federal government doesn’t really have any control,” she added.

– ‘I don’t want even one built’ –

Days before taking office, Trump wrote on his Truth Social media platform: “I don’t want even one (windmill) built during my Administration.” That pledge has seriously spooked the sector, which is worried he could permanently block subsidies or the environmental approvals needed for certain projects. Such moves would likely be challenged in court and prompt political backlash.

“Ninety-nine percent of onshore wind power projects are on private lands, and the private landowners generally like these wind farms, and they get a lot of economic benefit from them,” said Michigan Technological University professor emeritus Barry Solomon. He noted that the projects are also largely in Republican-led states such as Texas, Oklahoma, Iowa, Kansas and the Dakotas.

The ACP also warned that restricting wind development would “increase consumer energy bills.” Despite the headwinds, some experts remain optimistic. “Ultimately…the economics is driving the desire for wind and solar,” said University of Delaware professor Jeremy Firestone. With artificial intelligence, he added, energy needs “are increasing a great deal. So there’s going to be a lot of pressure to continue to build out wind turbines.”

© 2024 AFP

Tags: clean energyDonald Trumprenewable energy
Share39Tweet25Share7Pin9Send
Previous Post

Rubbish roads: Nepal explores paving with plastic

Next Post

US Fed prepares to pause in first rate decision since Trump’s inauguration

Andrew Murphy

Andrew Murphy

Related Posts

Other

Oil prices rally, stocks mixed as traders track Israel-Iran crisis

June 17, 2025
Other

Venezuela’s El Dorado, where gold is currency of the poor

June 17, 2025
Other

Oil prices jump after Trump’s warning, stocks extend gains

June 17, 2025
Other

Despite law, US TikTok ban likely to remain on hold

June 16, 2025
Other

OpenAI wins $200 mn contract with US military

June 16, 2025
Other

G7 leaders urge Trump to ease off trade war

June 17, 2025
Next Post

US Fed prepares to pause in first rate decision since Trump's inauguration

Trump's Canada, Mexico tariff threat aimed at gaining leverage in trade talks: experts

Undersea cable between Sweden and Latvia damaged, both countries say

Universal, Spotify ink multi-year deal

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.