RWE: Trump's victory increases investment risk in offshore wind projects
Stockholm, November 14 (Hibya) - German energy company RWE stated that Donald Trump's election victory increases the risks of investing in offshore wind projects. However, according to British developer SSE, Trump's return to the White House may help strengthen Britain's renewable energy sector.
Germany's RWE has cut its spending plans and warned of "increased risks to offshore wind projects" following the US election results.
...Senior equity analyst at Morningstar, Tancrede Fulop, said:
"The buyback satisfies investors' demands for significant profits achieved during the 2022-23 energy crisis, and the management's decision is supported by potential delays in US offshore wind projects and challenges in the European hydrogen sector."
Albania News Agency
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