Will Democrats’ midterms triumph put wind back in sails of the renewables sector?
Source: The Guardian ·
Future brightens for US developers in particular after election when voters rejected Trump’s war on clean energyAfter years as collateral damage in Donald Trump’s war on climate action, the Democrats’ sweeping triumph in the US midterm elections has emerged as a victory for the global renewable energy industry too.Across the world’s financial centres the market value of renewable energy…
From the source
After years as collateral damage in Donald Trump’s war on climate action, the Democrats’ sweeping triumph in the US midterm elections has emerged as a victory for the global renewable energy industry too. Across the world’s financial centres the market value of renewable energy developers climbed as the election results confirmed the Republicans had lost control of the Senate and House of Representatives. For the world’s largest offshore wind developer, Ørsted, the shift in power could spell a reprieve from the White House’s assaults on the Danish company’s multibillion-dollar offshore wind investments off the north-east US coast. Ørsted’s market value jumped by almost 10% within hours of the Democratic victory, before closing nearly 5% higher. The share price of other European renewables companies active in the US also climbed. Portugal’s EDP Renewables and the French utility Engie rose by more than 3%. Shares in Germany’s RWE added about 1%. The clean energy market rally marks a…
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