Trump vows federal ban on wind, solar projects as – Business News
President Trump declared warfare on renewable power Tuesday, vowing the federal authorities will block new wind and solar projects whereas electrical energy payments throughout America skyrocket at twice the speed of inflation.
“Any State that has built and relied on WINDMILLS and SOLAR for power are seeing RECORD BREAKING INCREASES IN ELECTRICITY AND ENERGY COSTS. THE SCAM OF THE CENTURY!” Trump wrote in a Truth Social post.
“We will not approve wind or farmer destroying Solar. The days of stupidity are over in the USA!!! MAGA.”
Trump declared warfare on renewable power, vowing the federal authorities will block new wind and solar projects. He didn’t point out that surging electrical energy demand from AI and knowledge facilities is a key driver behind hovering payments. AFP through Getty Images
“We will not approve wind or farmer destroying Solar. The days of stupidity are over in the USA!!! MAGA,” Trump wrote on Truth Social. @realDonaldTrump/TruthSocial
The fiery proclamation comes as American households face brutal electrical energy price hikes.
So far this yr, electrical energy costs have risen between 5% and 9% — with some states and metro areas dealing with even increased will increase.
Maine residents noticed payments explode 36.3%, whereas Connecticut ratepayers absorbed an 18.4% spike and Utah households confronted a 15.2% increase.
The Energy Information Administration forecasts electrical energy costs will climb 13% from 2022 to 2025 — the quickest tempo in a long time.
The average American family’s annual invoice is predicted to rise by about $219 in 2025 versus 2022, to round $1,900 a yr.
Surging electrical energy demand from AI and knowledge facilities is a key driver behind hovering payments, together with ageing grid infrastructure that utilities are modernizing and passing the prices to shoppers.
Rising natural fuel costs — used for energy technology — add more upward strain on charges.
Trump didn’t point out that surging electrical energy demand from AI and knowledge facilities is a key driver behind hovering payments. Soonthorn – stock.adobe.com
Trump’s renewable power crackdown has already delivered devastating blows to the industry.
On July 4, he signed into law the “One Big Beautiful Bill” that kills the favored 30% federal solar tax credit for owners.
The newly enacted law offers Americans simply months to put in residential solar systems earlier than shedding 1000’s in tax breaks.
His administration additionally froze the $7 billion Solar for All program, a Biden-era initiative that sought to make solar energy accessible to low-income Americans.
Trump additionally slammed the brakes on new wind and solar permits on federal land.
Offshore wind leasing acquired the ax solely.
Trump’s Commerce Department escalated the renewable power offensive in August by extending and growing tariffs on wind generators and parts.
Wind generators now face a punishing 50% tariff fee throughout 407 new classes.
Trump additionally slammed the brakes on new wind and solar permits on federal land. Offshore wind leasing acquired the ax solely. Thomas – stock.adobe.com
The administration has additionally imposed strict new allowing necessities for wind farms, inflicting delays, allow freezes and outright project cancellations.
High-profile casualties embrace Idaho’s Lava Ridge Wind Project and New Jersey’s Atlantic Shores development.
Projects that already obtained approval can nonetheless be reviewed or revoked underneath the new guidelines.
Trump constantly manufacturers wind and solar “expensive” and “unreliable,” arguing that authorities subsidies burden taxpayers and drive up power prices.
But the renewable power industry warns these coverage reversals threaten 1000’s of jobs and will gradual clean power growth simply as demand explodes from knowledge facilities, electric automobiles and artificial intelligence.
