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Trump Effect... U.S. Wind Industry Faces Slowdown

Trump Effect... U.S. Wind Industry Faces Slowdown Donald Trump, President of the United States

Since the inauguration of U.S. President Donald Trump, the wind energy industry in the United States has been gradually slowing down.


The Wall Street Journal (WSJ) reported on the 24th (local time) that due to President Trump, American developers are postponing some wind projects, describing the "plans as uncertain."


During his presidential campaign, President Trump pledged to halt offshore wind projects. Shortly after taking office, he issued an executive order to suspend permits and leases for onshore and offshore wind projects.


On his first day in office, January 20th, he stated, "We will not do wind power," adding that "big and ugly wind turbines spoil the surroundings."


Related companies have suffered huge losses.


Energy giant Shell reported losses of $1 billion (approximately 1.43 trillion KRW), more than half of which were due to offshore wind projects. Additionally, Danish energy company Orsted recorded losses of $1.7 billion (approximately 2.43 trillion KRW) in its U.S. offshore wind business.


Orsted has reduced its investment plans by a quarter until 2030, and TotalEnergies decided to put its originally planned offshore wind energy development on hold after the U.S. presidential election last November.


In the United States, most onshore wind projects are on private land, but many require permits from federal authorities such as the U.S. Army Corps of Engineers, the Fish and Wildlife Service (FWS) under the Department of the Interior, the Bureau of Land Management, and the Federal Aviation Administration (FAA).


According to the U.S. Energy Information Administration (EIA), as of 2023, wind accounts for about 10% of large-scale electricity generation in the United States.


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