Overview

• 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.