Amid President Trump’s anti-offshore wind agenda, EDP SA has halted three US projects. (Bloomberg)
The MA, NY, and CA projects—run by Ocean Winds, a joint venture between EDP and Engie—have been scaled back to skeleton staffing. EDP CEO Miguel Stilwell d'Andrade noted the company was "lucky" it hadn't started construction.
Zoom out: EDP has invested around $17B in North America, and ranks among the top five US renewable operators with 12+ GW of capacity across wind, solar, and storage. Stilwell d'Andrade said the company still sees strong US power demand growth.