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Photo by: Jon Shapley(Staff photographer)
Renewable energy and battery storage companies are canceling their Texas projects at rates unseen since the height of the COVID-19 pandemic, according to a recent analysis of Electric Reliability Council of Texas data.
Ever-changing tariffs, initiated in full force by President Donald Trump in April, are the most pressing challenge to the clean energy industry, energy reporter Claire Hao writes. These tariffs have significantly increased equipment costs for all kinds of energy projects, which make them less worthwhile for companies to pursue.
Trump's "big, beautiful bill" has also cast a chilling effect across the industry, as it could gut the Biden administration's federal incentives for clean energy, according to Jefferies, the investment bank that compiled the ERCOT-focused report.
If the trend persists, fewer renewable energy resources in the ERCOT region could mean higher electricity bills, a less reliable power grid and a slowing of the transition to cleaner forms of energy.
 Photo by: Houston Chronicle |
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Photo by: Lauren Mitchell
What We're Reading
Record output from the U.S. Gulf will soften next year's production decline, Bloomberg reports.
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