Wind Energy – Trump
German energy firm RWE has said that Donald Trump’s election victory has increased the risks of investing in offshore wind projects.
Germany’s RWE has cut its spending plans and warned that, as a result of the US election, “the risks for offshore wind projects have increased”.
The company, which is behind a string of wind and solar projects, on Wednesday shaved €3bn from its spending plans for the next financial year to €7bn, down from €10bn in 2024. It will also delay its plans to invest €55bn in renewables before 2030.
