A tale of two tax credit realities is emerging in the US renewables market.
Equinor just booked a massive $955M write-down on an offshore wind project, blaming policy and tariff uncertainty under the Trump administration. Already, tariffs on steel and other goods had increased project costs by $300M.
Iberdrola S.A. struck a far more optimistic tone: The Spanish utility predicts Trump-era policy changes will have little impact on its 1,800 MW of onshore wind and solar projects already under construction across the US.