US cleantech projects are being delayed and restructured since climate critic Donald Trump’s election in November. But advisors warn that examples of foreign-owned cleantech projects being halted in recent months do not foreshadow an end to the sector’s momentum under the new government.
On January 22, two days after the president signed executive orders targeting cleantech funding and permitting, Australia’s Woodside announced it would not construct its Capella solar project in California and was delaying the final investment decision on its H2OK hydrogen project in Oklahoma. The week prior, Italy’s Prysmian Group told authorities in Massachusetts it was abandoning plans for a $300m undersea cable manufacturing plant to serve the state’s offshore wind industry.
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