- Category: Publishers Note
US energy policy shifts under new executive orders
In my note from the November/December issue, I highlighted potential actions President Trump might take upon returning to office. Recent executive orders signed by him confirm a significant shift in US energy policy, particularly regarding renewable energy development.
The Inflation Reduction Act and the Infrastructure Investment and Jobs Act – key components of the previous administration’s climate and infrastructure strategies – are now under review, with a six-month pause on the disbursement of associated funds. This includes allocations for electric vehicle charging networks and renewable energy projects. Federal agencies are required to ensure programmes align with the administration’s priorities of energy affordability, independence and economic security, with stricter oversight from the Office of Management and Budget.
- Category: Publishers Note
The impact of Trump’s re-election on onshore and offshore wind energy
Although Donald Trump has not outlined an official climate agenda, his previous actions and frequent criticisms of clean energy provide a sense of what might be coming. However, completely reversing Biden’s clean energy investments will prove challenging. These investments are embedded in the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, both of which passed through Congress. To repeal these laws, Trump would need majorities in both chambers and during the last election the Republicans have won the majority in both the Senate and the House.
- Category: Publishers Note
Mixed financial results for wind turbine manufacturers in first half of 2024
The financial performance of wind turbine manufacturers in the first half of 2024 reveals varied results across the sector. Vestas reported a mixed financial outlook for 2024. The company narrowed its revenue expectations to € 16.5–17.5 billion, with EBIT margin expectations adjusted downward to 4 to 5%. This revision is primarily due to increased costs in the service segment.
- Category: Publishers Note
Traditional oil and gas companies backing out of wind energy
In recent developments, big oil and gas companies such as bp and Shell are stepping back from their investments in offshore wind energy. This shift is driven by a mix of financial, strategic and market reasons, marking a significant change in their approach to renewable energy.
- Category: Publishers Note

- Category: Publishers Note

- Category: Publishers Note

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