Reuters
European wind stocks take beating after Trump calls turbines ‘garbage’
FRANKFURT (Reuters) -European wind power stocks fell on Wednesday after U.S. President-elect Donald Trump said he would try to ensure that “no windmills” are built on his watch, criticising the sector less than two weeks before he is due to take office. Trump’s latest swipe against the industry raises concerns about how the U.S. wind market, the world’s second-biggest after China, will develop in his second term, causing investors of companies with skin in the game to sell. Shares in the world’s two biggest offshore wind farm developers – Denmark’s Orsted and Germany’s RWE – as well as turbine makers Siemens Energy, Nordex and Vestas closed 2.4%-7.4% lower.
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