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Monday
28 Apr 2025

Global Energy Giant RWE Halts US Offshore Wind Because of Trump

28 Apr 2025  by electrek   
RWE, a leading global renewable energy company based in Germany, has paused its US offshore wind operations due to recent policy shifts. The decision was announced by CEO Marcus Krebber in a speech prepared for the company’s Annual General Meeting in Essen on April 30, 2025. Earlier this year, RWE had already scaled back its offshore wind activities in the US, but Krebber confirmed the temporary halt, stating: “In the US, where we have stopped our offshore activities for the time being, our business in onshore wind, solar energy, and battery storage has so far been developing very dynamically.”

Despite the pause in offshore wind, RWE’s onshore renewable energy projects in the US continue to thrive. The company achieved a milestone in early 2025, reaching 10 gigawatts of generation capacity, with an additional 4 gigawatts under construction. RWE remains a major player in the US renewable energy sector, ranking as the third-largest renewable energy provider through its subsidiary, RWE Clean Energy. Approximately half of RWE’s global installed renewable capacity is located in the US.

Krebber emphasized cautious investment strategies moving forward, noting: “All necessary federal permits must be in place. Tax credits must be safe harbored and all relevant tariff risks mitigated. In addition, onshore wind and solar projects must have secured offtake at the time of the investment decision.” These criteria reflect RWE’s response to the evolving regulatory landscape in the US, ensuring future investments align with stable conditions.

RWE holds development rights for offshore wind projects in New York, Louisiana, and California. In 2022, the company invested $1.1 billion in a New York lease for the 3-gigawatt Community Offshore Wind project, a collaboration with the UK’s National Grid. The project, expected to power over one million homes, is slated for completion in the early 2030s. In 2023, RWE acquired a Louisiana lease in the Gulf of Mexico for $5.6 billion as the sole bidder. The Canopy Offshore Wind project off Northern California, however, is not anticipated to be operational for another decade.

While offshore wind activities are on hold, RWE’s focus on onshore wind, solar, and battery storage continues to drive growth and contribute to regional economic benefits in the US. The company remains committed to advancing renewable energy while adapting to current market and policy conditions.

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