
Tariffs Are Likely to Hit U.S. Renewable Energy
President Trump's tariffs are likely to raise the costs of building renewable energy projects in the United States, analysts say, adding to the challenges of an already struggling industry.
Generating equipment, like wind turbines, is often made with parts from many suppliers around the globe, and assembled in the United States. Tariffs are likely to increase the cost of each imported part.
'A turbine consists of thousands of subcomponents,' said Endri Lico, an analyst at Wood Mackenzie, a consulting firm.
Mr. Lico estimated that in 2023, the United States imported about $1.7 billion of wind-related components, mainly from Europe, Mexico, Vietnam and India.
While the details of Mr. Trump's tariffs remain to be seen, Mr. Lico estimated a 25 percent tariff on imported goods could drive up the cost of land-based wind turbines by 10 percent and increase the cost of building renewable energy facilities by 7 percent increase.
That in turn could lead to higher prices for the electricity that they produce. Higher costs could discourage development of new power sources at a time when demand for electricity is expected to rise to feed data centers and power electric vehicles.
Even before the prospect of tariffs, analysts had dialed back their expectations of renewable energy growth because of the Trump administration's skepticism.
States on the East Coast were counting on offshore wind to achieve clean energy goals in the coming years. But analysts now say that only a handful of these multibillion-dollar projects are likely to be built in the coming years.
The share prices of Vestas Wind Systems, the Denmark-based turbine maker, and Orsted, the Danish offshore wind developer, which both have offshore wind projects in the United States, have fallen sharply over the last year, although both companies' shares rose on Wednesday.
Mr. Lico said that turbine makers like Vestas and GE Vernova, its main rival in the United States, have factories in different locations and may be able to shift their sourcing of components to mitigate the affects of any tariffs.
Imports of land-based wind equipment have fallen sharply in recent years as manufacturing in the United States picked up steam, stimulated by the Biden administration's Inflation Reduction Act.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Boston Globe
15 minutes ago
- Boston Globe
Is Trump's troop deployment in LA a prelude to martial law?
Neither did Hegseth announced that National Guard members and the Marines will stay in Los Angeles for Get The Gavel A weekly SCOTUS explainer newsletter by columnist Kimberly Atkins Stohr. Enter Email Sign Up At a Advertisement This is a Trump made-for-TV spectacle of authoritarianism disguised as law and order. It's likely a prelude to martial law. Rob Bonta, California's attorney general, is Advertisement Protests were sparked last week after Immigration and Customs Enforcement officials conducted several workplace raids in Los Angeles, including a But what began as boisterous but peaceful protests against Trump's anti-immigrant scheme which now demands 'If I didn't ''SEND IN THE TROOPS,'" Trump said Tuesday on social media, Los Angeles 'would be burning to the ground right now,' before he disparaged Bass and Newsom. Yes, there has been looting, and some cars have been burned and vandalized. But Trump is lying about the extent of lawlessness. Trump is following his bad policies with even worse provocations that could portend a modern-day Kent State tragedy with soldiers firing live bullets at protesters. But for Trump, the more chaos, the better. As a White House official said, 'We're happy to have this fight.' To some extent this fight to suppress dissent has been boiling in Trump for five years. During nationwide demonstrations after the police murder of George Floyd in 2020, Trump, then in his first term, asked members of his Cabinet whether protesters could be shot. 'He thought that the protests made the country look weak, made us look weak, and 'us' meant him,' Mark Esper, Trump's former defense secretary, Advertisement Esper recalled Trump saying to now-retired General Mark Milley, then chairman of the Joint Chiefs of Staff, ''Can't you just shoot them, just shoot them in the legs or something?' … It was a suggestion and a formal question. And we were just all taken aback at that moment as this issue just hung very heavily in the air.' Ultimately, Trump was talked out of it. That won't happen this time, with an administration packed with people whose only loyalty is to him, not to the Constitution or rule of law. After Tom Homan, Trump's bloviating border czar, If not for the ICE arrest of But not now. Everything in Trump's second administration is designed to codify his authoritarianism. If Trump can convince enough people, especially among his white base, that he alone represents the thin orange line between civilization — as Advertisement Right now, the administration claims the military is in Los Angeles to protect federal buildings and assets — theoretically. Trump has not invoked the Insurrection Act, but neither has he ruled out unleashing US troops on protesters. With his draconian policies, Trump has lit the fuse for what could be a long and difficult summer of protests. With an occupying military force in this nation's second largest city, he has declared war against America itself. Renée Graham is a Globe columnist. She can be reached at


Boston Globe
16 minutes ago
- Boston Globe
US imposes sanctions on a Palestinian NGO and other charities, accusing them ties to militant groups
The federal government claims that Addameer 'has long supported and is affiliated' with the Popular Front for the Liberation of Palestine, a secular, left-wing movement with a political party and an armed wing that has carried out deadly attacks against Israelis. Israel and the United States have labeled the PFLP a terrorist organization. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Addameer did not immediately have a comment on the sanctions. Advertisement Israel has alleged that Addameer funds terrorism, a claim that the United Nations previously said it could not support with compelling evidence. In a 2022 The organization also works with Amnesty International, Human Rights Watch and is a member of the World Organization Against Torture. Israel's 2022 storming of Addameer's offices, prompted a rebuke from the UN, who said in a statement that Israel had not provided convincing evidence to support the claim. The UN said Addameer was conducting 'critical human rights, humanitarian and development work in the Occupied Palestinian Territory.' Advertisement In February, Zachor Legal Institute, an Israeli-American advocacy group that says it focuses on combatting antisemitism and terrorism, requested Addameer be added to Treasury's sanctions list. Marc Greendorfer, president of Zachor Legal Institute said in an email to the Associated Press that his group is 'very pleased to see Treasury following up on our request.' He said the federal government should act 'to prevent hostile foreign actors from spreading hate and violence in the United States. We applaud Treasury's action and encourage Treasury to expand its focus to the other groups that we identified.' Other entities hit with sanctions Tuesday include: The Gaza-based charity Al Weam Charitable Society and its leader The Turkish charity Filistin Vakfi and its leader El Baraka Association for Charitable and Humanitarian Work and its leader The Netherlands-based Israa Charitable Foundation Netherlands and two employees The Italy-based Associazione Benefica La Cupola d'Oro A Because the majority of crowdfunding activity is legitimate, 'this status can make it more difficult for law enforcement attempting to investigate potential (terrorist financing) cases with a crowdfunding and online fundraising nexus,' the report said. Frankel reported from Jerusalem.


New York Post
16 minutes ago
- New York Post
Trump promised not to send in military to tamp down on NYC protests — if NYPD keeps demonstrators in line
President Trump promised NYPD brass over the weekend that he will not send in the military or National Guard to tamp down on anti-ICE protests in New York City — as long as cops keep the demonstrators in line, The Post has learned. Trump's pledge was made to Deputy Mayor of Public Safety Kaz Daughtry and NYPD Chief of Department John Chell as the pair palled around with the president at his New Jersey golf club. Sources with knowledge of the meeting said Trump had voiced concerns over the destructive mass protests engulfing Los Angeles and them being replicated in the Big Apple. Advertisement But Chell reassured the president that any demonstrations in the city would not get out of hand, the sources said. Kaz Daughtry and John Chell though didn't tee it up with the commander in chief. Linkedin/john-chell The two Big Apple police officials met with Trump on Sunday. Linkedin/john-chell Advertisement Trump then told the two he didn't believe the National Guard would be necessary in New York City. It came after he ordered an initial 2,000 National Guard troops to LA Saturday amid the raging protests over federal immigration enforcement raids. Since then, the Trump administration has in total dispatched roughly 4,000 National Guard members and 700 Marines to the city– sparking an emergency request by California Gov. Gavin Newsom Tuesday for a federal court to block the deployment. On Monday, Mayor Eric Adams and his police commissioner, Jessica Tisch, decried the anti-ICE riots in Los Angeles and issued a stern warning to New Yorkers to not follow suit. 'The escalation of protests in Los Angeles over the last couple of days is unacceptable and would not be tolerated if attempted in our city,' Adams said. Advertisement Tisch added that 'any attacks against law enforcement will be met with a swift and decisive response from the NYPD.' Earlier Monday, dozens of protestors calling for an end to the ICE raids were arrested at Trump Tower after refusing to leave the Manhattan high-rise. The meeting between Trump and Adams' allies raised eyebrows in New York City political circles — after Daughtry and Chell posted photos on social media from the Bedminster club. 'Great day on the links today with POTUS, #45-#47 – Donald J. Trump. Good conversation with a few laughs and a great lunch. Deputy Mayor of Public Safety Kaz Daughtry and I were grateful for the invite,' Chell wrote. Advertisement Sources said the two Big Apple officials didn't actually tee it up with the prez, despite the photos showing them chatting with him on the links. Still, Adams defended the outing on Tuesday, telling reporters, 'A lot of great deals have been made on the golf course.' 'I thank the two of them for doing it,' he said. 'Many of you who play golf know that great decisions are made on the golf course.' Both Chell and Daughtry also joined the mayor at Trump's inauguration earlier this year.