Donald Trump’s Re-election: A Challenge for RWE and Siemens Energy’s Offshore Wind Projects

Donald Trump's victory raises concerns for RWE and Siemens Energy about their offshore wind projects in the United States, facing administrative delays and trade tensions.

Share:

Donald Trump’s Re-election: A Challenge for RWE and Siemens Energy’s Offshore Wind Projects

Donald Trump’s re-election as President of the United States has reignited tensions in the renewable energy sector, particularly for offshore wind players. German companies RWE and Siemens Energy, global leaders in the field, have expressed vigilance regarding potential repercussions on their U.S. operations.

RWE, the world’s second-largest offshore wind company, plans to develop two wind farms off the coasts of New York and California by 2030. These projects, aimed at powering over 1.7 million households, could, however, face delays due to pending administrative permits. The Essen-based company has also voiced concerns about tariffs and trade barriers that the Trump administration might implement. “International supply chains will inevitably be impacted, potentially forcing us to reorganize our operations,” said Markus Kreber, RWE’s CEO.

To reassure investors amid these uncertainties, RWE announced a €1.5 billion share buyback. This move aims to bolster confidence in a market already weakened by trade tensions and anticipated delays in European infrastructure, particularly in the hydrogen sector.

Siemens Energy, while concerned about future projects, remains optimistic about ongoing developments. “We are currently building an offshore wind farm in the United States, and I don’t foresee any interruptions,” stated Christian Bruch, the company’s CEO, during a press conference. However, he acknowledged that long-term ambitions might be impacted by an unfavorable political transition.

During his campaign, Donald Trump strongly criticized wind energy, labeling it a “horrible energy.” His return to power could threaten the ambitious plan launched in 2022 by the Biden administration to expand offshore wind, a sector still nascent in the U.S. compared to Europe. For Siemens Energy, about 80% of its offshore market is based in Europe, providing some resilience against potential U.S. instability.

Despite the uncertainties, Siemens Energy announced robust financial results, with its stock rising on the Frankfurt Stock Exchange. The group, which received €15 billion in public support in 2023, reported optimistic forecasts, particularly for its projects in Europe.

The British government is increasing by 11% the guaranteed price for offshore wind electricity to support projects facing inflation and supply chain constraints.
DP Energy plans to build a 1,400 MW wind farm near Julia Creek, supported by an energy storage system, enhancing industrial momentum and supply prospects in northern Queensland.
Equinor announces a significant impairment on its offshore wind project Empire Wind, due to regulatory changes and tariffs, affecting its quarterly results.
Shandong Electric Power Construction Corporation No. 3 (SEPCO3) has signed an EPC contract for the construction of the 700 MW Yanbu wind energy project under Saudi Arabia's National Renewable Energy Program.
RWE has inaugurated the Mondonuovo wind farm in Italy, a 53.1 MW facility capable of powering 55,000 Italian households. This project marks a key milestone in the development of renewable energy in Italy.
Swiss company Wysenergy has secured public funding for its first wind project in France, located in the municipality of Faux-Fresnay and selected under the PPE2 tender scheme.
Energy supplier OVO plans to invest several hundred million pounds in the renovation of British wind farms, aiming to increase national capacity and accelerate the country’s energy transition.
bp has announced the sale of its US onshore wind operations to LS Power, strengthening the American group’s 21GW portfolio and continuing its global asset divestment strategy.
Dstgroup, through its subsidiary dstventures, invests €1.5mn ($1.62mn) in Gazelle Wind Power and commits to building the structures for the Nau Azul project, marking progress for the floating wind industry in Portugal.
German group wpd takes over the teams and a portfolio of 17 wind projects from Calycé, consolidating its position in the French market and expanding its regional presence, particularly in the Grand Est, with the support of Envinergy.
SPIE Wind Connect partners with Van Oord to connect and test 21 high-voltage cables for the Windanker offshore wind farm, marking a key milestone in the development of Germany’s offshore wind sector.
Envision Energy and FERA Australia announce an agreement to develop up to 1 GW of wind and 1.5 GWh of storage on the Australian market, laying the foundation for a new hybrid power plant model.
German group RWE has completed installation of all 100 monopile foundations at Sofia, a 1.4 GW offshore wind farm located 195 kilometres from the British coast, marking a major step in the construction of the project.
Greece’s wind sector reaches a new milestone with 5.5 GW installed, driven by 37 new turbines and €180 mn in investments during the first half of 2025, according to ELETAEN.
Nomura Real Estate has signed a power purchase agreement for its new Tokyo headquarters with wpd and GPSS Group, supplying the Higashi Izu Furusato wind project with a capacity of 7.48 MW.
Energiequelle completes the commissioning of two Enercon E-160 turbines in Raßlitz, replacing previous models and increasing the installed capacity of the Saxony site more than fivefold.
Ørsted has completed a $2.75bn project financing with 25 banks and five export credit agencies for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan, strengthening its industrial partnership strategy. —
Masdar and Iberdrola announce a joint investment of €5.2 billion in the East Anglia THREE offshore wind farm in the United Kingdom and full commissioning of the German Baltic Eagle project (476 MW).
Energiekontor AG has secured contracts for four wind projects with a total capacity of 125 megawatts, following the Federal Network Agency's May 2025 tender in Germany.
Ecopetrol S.A. finalises the acquisition of Wind Autogeneración from Enel S.A.S., thereby taking over the Windpeshi wind project in Colombia, with a planned capacity of 205 MW, aimed at the Colombian oil group's energy self-consumption.