Donald Trump, newly reinstated as U.S. President, has shaken the wind energy sector with his announcement of a moratorium on new wind farm developments. This policy shift, enacted through an executive order, has triggered significant declines in the stock prices of leading European players, reflecting market uncertainties about the future of renewable energy in the United States.
The decree, fulfilling a key campaign promise, halts the approval of any new wind energy projects during Trump’s term, with the aim of ceasing federal subsidies for the sector. Despite this policy shift, analysts highlight the pressing need for increased electricity production in the U.S., which could maintain demand for renewable energy over time.
Significant losses for industry leaders
Danish wind energy giant Ørsted faced the steepest drop, with shares plummeting 12.88% on the Copenhagen Stock Exchange. The company had also recently…
