Trump signs EO targeting subsidies for "unreliable" renewable energy sources

By ramontomeydw // 2025-07-10

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President Donald Trump signed an order on July 7 eliminating tax credits for wind and solar energy, aiming to phase out subsidies by 2027 and redirect focus to fossil fuels for national security and economic growth.
The order enforces the One Big Beautiful Bill Act, terminating Clean Electricity Tax Credits within 45 days and tightening eligibility for renewable projects under construction.
The president criticized renewable subsidies as costly and unreliable, emphasizing landscape disruption and dependence on foreign (e.g., Chinese) manufacturing in the industry.
The order dismantles former President Biden's offshore wind expansions – branding them economically flawed – while prioritizing coal, nuclear and hydroelectric projects via deregulation.
Critics warn the abrupt shift could destabilize renewables, forcing closures of solar factories. The move sparks a clash between deregulation advocates and green energy proponents, with global supply chain impacts anticipated.

President Donald Trump has signed a sweeping executive order (EO) targeting tax credits for renewable energy sources like wind and solar. The chief executive affixed his signature to the aforementioned EO on Monday, July 7. It directed federal agencies to dismantle taxpayer-funded subsidies for wind and solar energy while accelerating domestic reliance on fossil fuels. Trump framed the order as a move critical to national security, power grid stability and economic growth. The order enforces provisions of the One Big Beautiful Bill Act (OBBBA) signed into law Friday, July 4. The landmark legislation phases out renewable energy tax credits by 2027 and imposes stricter eligibility rules for projects under construction. The directive builds on Trump's long-standing skepticism of renewable energy subsidies, which he has repeatedly criticized as costly and reliable. The president has also denounced the industry's reliance on foreign-manufactured components, particularly from China. During a Fox News interview from late June, Trump argued that massive wind and solar installations scarred the landscape while failing to provide dependable power. "I don't want windmills destroying our place. I don't want these solar things where they go for miles and they cover up half a mountain that are ugly as hell," he said at the time. Under the order, the Department of the Treasury under Secretary Scott Bessent must enforce the termination of the Clean Electricity Production and Investment Tax Credits for wind and solar facilities within 45 days, closing loopholes that allowed extended eligibility. Meanwhile, the Department of the Interior under Secretary Doug Burgum must review policies that favor renewables over "dispatchable" energy sources like coal and nuclear power, aiming to eliminate preferential treatment.

Trump's energy reversal shakes up renewables

Critics, including Solar Energy Industries Association CEO Abigail Ross Hopper, warn the abrupt shift could destabilize the renewable sector, forcing closures of solar factories and undermining small businesses. In a statement, she slammed the OBBBA as a "significant step backward" for the U.S. energy economy. The policy marks a sharp reversal from the Biden administration's aggressive offshore wind expansions, which Trump's Monday order dismisses as economically and environmentally untenable. Historical tension over energy subsidies dates back decades but intensified under Obama-era green initiatives, which conservatives argue inflated dependency on intermittent energy. In January, Trump signed an EO declaring a national energy emergency. He framed the Jan. 20 order as a way to correct "burdensome and ideologically motivated regulations," urging deregulation to expedite coal, hydroelectric and nuclear projects. (Related: Trump declares national energy emergency to revive American energy dominance.) As federal agencies prepare compliance reports due within 45 days, the order sets the stage for a protracted battle between proponents of energy deregulation and renewable advocates who view subsidies as essential for climate goals. While the administration touts fiscal responsibility and energy independence, the ripple effects may reshape not only U.S. power infrastructure but also global supply chain dynamics. The White House is now betting on coal and oil to reclaim what it calls "energy dominance." But the coming months will test whether dismantling green incentives proves as transformative as Trump promises. Watch this Fox Business report about President Trump pursuing a "huge" energy project in Alaska. This video is from the NewsClips channel on Brighteon.com.

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Trump's energy reversal shakes up renewables

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