Trump's Re-Election Poses Challenges for U.S. Offshore Wind Industry

Renewable energy leaders warn of increased risks and potential delays under Trump's presidency, impacting global supply chains.

Germany's RWE and Siemens Energy express concerns over the future of U.S. offshore wind projects due to Trump's election victory.
RWE has reduced its investment plans, citing higher risks and potential delays in the U.S. offshore wind sector.
Siemens Energy highlights possible issues with U.S. offshore permitting, affecting projects planned for the late 2020s and early 2030s.
Trump's stance on repealing parts of Biden's Inflation Reduction Act raises investor concerns about clean energy investments.
The UK may benefit from a slowdown in U.S. renewables, potentially gaining a larger share of global supply chains and manufacturing.