Tariff war compounds fear over transmission cost blowouts
Evidence is clear that big energy projects are already costing more and more, and the breakdown of global trade will worsen it. But there is a silver lining.
Major projects that underpin the transition away from fossil fuels have faced a swathe of cost blowouts. Now it’s a trade war – escalating by the day – that risks imposing another round of pain on the sector.
While it is the utilities sector in the United States that will be directly impacted by the tariffs announced by the Trump administration, expectations of a knock-on disruption to global supply chains have stoked debate about the impact here on new grid and renewables projects.
