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January 22,2025

Trump’s Wind Leasing Halt Hits European Energy Stocks

President Trump's suspension of offshore wind leasing on his second term's first day has impacted European Wind Power companies, causing significant stock declines. Ørsted saw a 17% drop after a $1.69bn charge. Other companies, like EDP Renovaveis, RWE, and Vestas, also faced losses. Meanwhile, US nuclear companies benefitted.

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