Trump says U.S. will not approve solar or wind power projects
Key Takeaways
The president's comment comes after the administration tightened federal permitting for renewables last month.
Article Overview
Quick insights and key information
2 min read
Estimated completion
investment
Article classification
August 20, 2025
08:55 PM
CNBC
Original publisher
Wind turbines operate at a wind farm near solar panels near Palm Springs, California, on March 6, 2024.Mario Tama | Getty ImagesPresident Donald Trump on Wednesday said his administration will not apve solar or wind power jects, even as electricity demand is outpacing the supply in some parts of the U.S."We will not apve wind or farmer destroying Solar," Trump, who has complained in the past that solar takes up too much land, posted on Truth Social. "The days of stupidity are over in the USA!!!"The president's comes after the administration tightened federal permitting for renewables last month
The permitting cess is now centralized in Interior Secretary Doug Burgum's office.Renewable companies fear that jects will no longer receive permits that were once normal course of
The president's s Wednesday will ly heighten those concerns.Trump blamed renewables for rising electricity prices in the U.S
Prices have risen on the nation's largest grid, PJM Interconnection, as rapidly growing demand from data centers and other industries faces a tight power supply as resources such as coal plants are retired.PJM Interconnection saw prices for new power capacity rise 22% compared to last year in an auction held last month
PJM covers 13 states across the Mid-Atlantic and parts of the Midwest and South.But solar and battery storage are the power sources that can ease the supply-and-demand gap the quickest, as they make up an overwhelming majority of the jects in line to connect to the grid, according to data from Lawrence Berkeley National Laboratory.Trump has launched a sweeping attack on renewables since taking office
His One Big Beautiful Bill Act terminates the investment and duction tax credits for wind and solar by the end of 2027
Those credits have played a key role in the expansion of renewable energy in the U.S.The president's steel and copper tariffs have also increased the costs of solar and wind jects, renewable companies say.The U.S
Department of Agriculture on Tuesday its support for solar on farmland.watch now11:5711:57How Florida quietly became a solar powerhouseCatch up on the energy news from CNBC :Morgan Stanley says nu power is gaining momentum, recommends these stocksThis solar stock has nearly 30% upside, Wells Fargo saysThis stock could benefit as Trump tries to put a nu reactor on the moon, according to BofATrack all the coverage of oil prices and the oil and gas industry at CNBC.com.
Related Articles
More insights from FinancialBooklet