Jan 2, 2025

Green-Energy Firms’ Pitch to Trump: You’re Going to Need a Lot of Power

Following Donald Trump’s presidential victory, the green-energy sector is facing challenges and uncertainties, prompting companies to engage with Republican lawmakers to advocate for renewable energy projects.

Following Donald Trump’s presidential victory and the Republican sweep of Congress, the green-energy sector is facing significant challenges and uncertainties. Concerns revolve around potential reductions in tax credits, tariffs, and policy changes that could curb investment in renewable energy projects, estimated to impact $350 billion over a decade. Companies are responding by seeking engagement with Republican lawmakers and focusing on energy demand fulfillment rather than just clean energy benefits. Optimism remains cautious, especially in light of the growing energy demands driven by AI, EVs, and broader electrification. Industry executives hope that figures like North Dakota Governor Doug Burgum and Tesla CEO Elon Musk might positively influence Trump’s policies towards renewable energy. Some developers rushed to start projects before the New Year to lock in existing tax credits. The offshore wind sector faces the greatest uncertainty given Trump’s direct opposition. Overall, the green-energy industry is gearing up to defend its ground while navigating the new political landscape. Read more.

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