Trump Administration Halts Solar, Wind Project Approvals—Clean Energy ETFs Drop

Trump said Wednesday his administration will block all new wind and solar projects, escalating his campaign against renewable energy, according to a CNN report. The announcement follows last month’s decision to centralize permitting under Interior Secretary Doug Burgum, who also defended the policy. Shares of clean energy ETFs fell after Trump’s announcement. Trump’s One Big Beautiful Bill Act will end wind and solar tax credits by 2027, while new tariffs on steel and copper have raised project costs. The USDA also ended farmland solar support this week. Lawrence Berkeley National Laboratory data shows solar and battery storage remain dominant in new generation seeking grid connections, as PJM Interconnection reported a 22% rise in capacity prices amid growing demand from data centers.