Trump's anti-wind policy hits European companies By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2025
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Should l Buy ?
Source: Investing.com
Impact of Trump's Offshore Wind Policy: European wind shares, particularly Denmark's Orsted, plummeted after U.S. President Donald Trump suspended new federal offshore wind leasing, citing environmental concerns and high costs, leading to significant financial impairments for companies involved in U.S. offshore projects.
Industry Response and Future Outlook: While some companies like RWE reported no need for impairments on their U.S. projects, the overall sentiment in the industry is one of concern, with calls for continued investment in low-carbon energy despite Trump's policies, which may hinder development and increase energy costs for consumers.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
