Donald Trump’s suspension of offshore wind development permits delivered the fatal blow to an industry struggling with high costs, jeopardising the US’s power supplies and decarbonisation plans, executives warn.
More than 90 per cent of the country’s planned offshore wind projects, totalling more than 60 gigawatts, are at “serious risk”, said consultancy Rystad Energy. While Britain, for instance, has offshore wind capacity of 14GW, the US has less than 0.2GW. And unlike other renewable energy sources, the American sector relies on the federal government for permit approvals.
“[Trump] accelerated the death of the industry,” said Artem Abramov, head of clean tech at Rystad.
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