Green energy developers canceled $1.4 billion in projects in May as President Donald Trump and Senate Republicans move to bulldoze former President Joe Biden’s climate agenda, according to data from the green energy group E2.
The number of abandoned projects in just the first five months of 2025 doubles the project cancellations in all of 2024; more than $15 billion in green energy investments have been canceled so far this year, according to E2 data.
The industry is under duress as the Trump administration reverses Biden-era policies favoring industries like offshore wind and solar, and Congressional Republicans consider rolling back and phasing out green energy tax credits.
“The consequences of continued policy uncertainty and the expectation of higher taxes on clean energy businesses are becoming painfully clear,” Michael Timberlake, a spokesperson for E2, told the Daily Caller News Foundation.
Click this link for the original source of this article.
Author: Faith Novak
This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
