Good news! Donald Trump just won the election yesterday and already today shares in Vestas, the world’s largest wind turbine manufacturer, were falling. As we are always saying, “Without government subsidies to the wind industry, there is no wind industry.” Sales of wind turbines depend entirely on taxpayer money to create a demand and keep the business afloat. Trump is far less likely to spend your money on wind welfare for turbines, preferring the development of coal, oil, natural gas and nuclear energy in the US to create energy independence.
Shares in Vestas Wind Systems A/S plunged after U.S. voters unexpectedly propelled Republican nominee Donald Trump to the presidency, sparking concern that the renewable- energy industry will face future political headwinds.
The world’s biggest maker of wind turbines fell as much as 14 percent and traded 6.6 percent lower at 440.10 kroner as of 12:50 p.m. in Copenhagen. Stock of the Danish company already lost ground last week after U.S. polls tightened, bringing this year’s declines to about 10 percent.
Just think what he’ll do when he is sworn into office!