Trump Spurs Wind Power Share Plunge After No Windmills Vow
- Trump wants ‘no windmills’ policy when he’s president
- Political opposition adds to challenge of rising costs of wind
While Trump has long opposed wind power, the sector expanded significantly during this first term in office.
Photographer: Vincent Mundy/BloombergThis article is for subscribers only.
Shares in some of Europe’s biggest wind power companies fell Wednesday after President-elect Donald Trump said he aimed to have no new windmills in the US after taking office.
The comments are the latest in a long line of anti-wind power messages by Trump, who fought against a wind farm off the coast of his Scottish golf course and has falsely claimed the machines cause cancer. It’s a potentially worrying sign for wind power investors who hope a second Trump administration would leave intact parts of Biden’s Inflation Reduction Act that support the sector.