Portuguese utility EDP says the US renewables outlook has stabilized after months of offshore wind setbacks tied to Trump administration policies. (Bloomberg)
CEO Miguel Stilwell d'Andrade said the “Big Beautiful Bill” gives developers more certainty after offshore wind permitting freezes rattled investors earlier this year.
EDP has already invested $20B+ in US wind and solar and still views North America as a core growth region, though it plans to add capacity more cautiously.
To manage supply-chain risk, EDP struck a framework deal with First Solar and is shifting procurement to US-made panels (despite costs running roughly 2X higher than imports).