German energy company RWE said it stopped its offshore wind activities in the United States due to the Trump administration’s efforts to oppose the industry.
“In the U.S., where we have stopped our offshore activities for the time being, our business in onshore wind, solar energy, and battery storage has so far been developing very dynamically,” RWE CEO Markus Krebber said in a speech manuscript.
“Nevertheless, we remain cautious given the political developments. We have introduced higher requirements for future investments in the U.S.,” he added.
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The speech was released before the company’s annual meeting, which is set for April 30. RWE is a multinational energy company that invests in a range of renewable energy technologies, such as wind and solar.
Krebber’s speech followed the Trump
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