Overview

• Trump announced on Aug. 20 that his administration will stop approving permits for wind and solar projects, calling them costly and “the scam of the century” in a Truth Social post.
• Atlas Public Policy reports about $18.6 billion in canceled wind and solar projects since Trump took office and a 20% decline in announced clean‑energy investment to $15.8 billion year over year.
• OilPrice.com reports industry turbulence including bankruptcies and stock slumps, and says the policy environment contributed to Ørsted undertaking a rights issue near $10 billion.
• Green Matters notes the administration argues the shift will lower electricity prices, while PJM power costs were reported up 22% from last year, a rise analysts link to tight supply and growing demand.
• Energy analysts warn the pullback could strain near‑term power needs for data centers, with one expert telling the Financial Times that renewables can be built and connected within one to two years.