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Renewable energy giantsCNBC
•Technology
Technology
80% Informative
Renewable energy giants appear relatively sanguine about U.S. President Donald Trump 's anti-wind policies.
Trump temporarily suspended new or renewed leases for offshore and onshore wind projects and halted the leasing of wind power projects on the outer continental shelf.
Shares of Siemens Energy jumped more than 8% on Wednesday morning, hitting a new 52-week high.
Iberdrola was similarly bullish about the road to full electrification as "absolutely unstoppable".
Trump 's energy agenda essentially means the likelihood of any new offshore developments in the U.S. has fallen to zero .
The remaining 25 GW of early-stage offshore wind projects are unlikely to see any progress under the current administration, Rystad Energy analyst says.
"Moderate risk amid the unfavorable investment climate is present for 10.5 GW of projects which secured necessary permits but have not reached investment decisions," he said.
VR Score
82
Informative language
81
Neutral language
58
Article tone
formal
Language
English
Language complexity
62
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
3
Source diversity
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