Overview

• President-elect Donald Trump announced plans to halt new wind turbine construction during his administration, citing economic and environmental concerns.
• Trump argued that wind energy is excessively expensive, heavily subsidized, and lacks widespread public support, calling turbines 'garbage' and 'litter.'
• He claimed offshore wind projects are contributing to whale deaths, though marine experts and federal agencies have found no evidence supporting this assertion.
• The announcement has already impacted global markets, with European wind energy stocks falling sharply amid fears of U.S. regulatory changes.
• Renewable energy advocates and analysts warn that Trump's policies could slow the momentum of wind energy growth but note that existing projects may continue unaffected in the short term.