The wind and solar industries are experiencing divergent trends in the wake of President Donald Trump’s executive actions to unleash fossil fuel development and roll back his predecessor’s incentives for renewable energy.
The maturing domestic solar power industry is projected to continue gaining market share, with or without federal inducements and despite tariffs.
Meanwhile, Trump’s executive actions indefinitely pausing new offshore wind leases and permit reviews are already disrupting efforts to grow the nation’s wind energy capacity.
Within just 30 days of Trump’s order, several key investors have already curtailed commitments in offshore wind projects.
Renewable sources like wind and solar made up one-fifth of the energy generated by utility-scale power plants in the United States in 2023, according to the U.S. Energy Information Administration (EIA). Wind accounts for half of all renewable generation and solar for about 20 percent….