“What the US consumer needs is lower cost of energy in a inflationary environment,” Otranto said, adding that renewables provide that solution. “Politics will be, pardon the pun, trumped by economics.”  

Otranto spoke after the Australian miner said it finalized its acquisition of Spanish renewable technology company Nabrawind SL, and signed preliminary agreements with BYD Co., LONGi Green Energy Technology Co., and Envision Greenwise Holdings Ltd. for wind turbines, solar panes and battery storage. Fortescue Chairman Andrew Forrest — Australia’s second-richest person — on Wednesday attacked Trump’s denial of climate science at a meeting in New York.   

Trump’s administration has aggressively rolled back pro-renewable energy policies and eliminated key tax incentives since his return to office in January. That has contributed to nearly $42 billion in renewable projects being delayed, shrunk or canceled since his inauguration. 

“What the US consumer needs is lower cost of energy in a inflationary environment,” Otranto said, adding that renewables provide that solution. “Politics will be, pardon the pun, trumped by economics.”  

Otranto spoke after the Australian miner said it finalized its acquisition of Spanish renewable technology company Nabrawind SL, and signed preliminary agreements with BYD Co., LONGi Green Energy Technology Co., and Envision Greenwise Holdings Ltd. for wind turbines, solar panes and battery storage. Fortescue Chairman Andrew Forrest — Australia’s second-richest person — on Wednesday attacked Trump’s denial of climate science at a meeting in New York.   

Trump’s administration has aggressively rolled back pro-renewable energy policies and eliminated key tax incentives since his return to office in January. That has contributed to nearly $42 billion in renewable projects being delayed, shrunk or canceled since his inauguration.