From Ørsted to Ontario: How Populist Conservatives Undermine Contract Sanctity - CleanTechnica

The article highlights a troubling pattern in conservative-led jurisdictions where populist governments undermine the sanctity of contracts in the renewable energy sector, creating significant risks for investors and developers. It begins with the Trump administration’s abrupt stop-work order on Ørsted’s nearly completed Revolution Wind project, justified vaguely by “national security” concerns despite all permits being secured and billions already invested. This move, now challenged in court, signals that even fully permitted and financed projects can be halted arbitrarily under populist conservative administrations in the U.S. The article situates this case within a broader trend seen in places like Ontario, Texas, and Alberta. In Ontario, Doug Ford’s government canceled 758 renewable energy contracts in 2018, including operational wind farms, and retroactively blocked legal recourse, causing massive financial losses and sending a clear political message that contracts are not guaranteed if the government disapproves. Texas saw a legislative attempt (SB 715) to retroactively impose new requirements on existing renewable projects,