Reuters reported that the offshore wind power project, which was a key commitment to former President Biden, has been delayed after Trump’s inauguration, and is disrupted in renewable energy.
There are 4 offshore wind power projects in the USA, including Block Island Wind Power Plant, Revolution Wind, Thousand Wind Power Plant, and Massachusetts East Wind Power Plant. The offshore wind power generation, situated on the Atlantic coast, accounts for a big portion of the Eastern Renewable Energy, and in 2021, it was approved for offshore wind power on the Pacific and Atlantic coasts.
Last yr, 4 power plants were scheduled to be added between 2025 and 2027, with 7 Gigawatts (GW) and a pair of.4GW offshore wind power projects in Massachusetts.
Nonetheless, the long run is uncertain resulting from problems akin to delaying contracts, including projects in progress for the Trump government.
Major reasons include policy changes and government impacts, economic and technical issues, and legal and environmental issues.
“We’re unlikely to finish latest projects apart from projects under construction,” said Jeffre’s US Investment Bank Analyst. “The offshore wind industry is in a really unstable position.”
Wood McKenzy, an energy consulting firm, expects a recession within the US renewable energy industry, with the expectation that the price of land power generation will increase by about 7% if the US imposes tariffs on Mexico and Canada after China.
Last yr, six of the world’s top 10 wind turbine manufacturers were China, and the highest 4 were also occupied by China, leading the worldwide wind industry.
By Lee Jae -seung, reporter Energy@aitimes.com
