53993
US Renewables May Slow Under Trump
US Renewables May Slow Under Trump

US Renewables May Slow Under Trump

US Renewables May Slow Under Trump

The growth of solar and wind power in the United States could slow under US President-elect Donald Trump, the chief executive of German utility E.ON said, but added he expected any change to be slow. "It is possible that future growth may slow and that the focus will shift again toward coal and oil. But we have seen these shifts in Europe, too. Just think about nuclear energy," Johannes Teyssen was quoted as saying, Reuters reported. E.ON has assets of about $4.25 billion in the US, the world's second-biggest market for wind turbines after China, mostly in the form of onshore wind parks. Global renewable stocks fell following Trump's election victory, fuelling concerns about the long-term prospects of the industry in the US. Teyssen said most jobs in the renewables industry were located in states dominated by the Republicans, adding any change in legislation would happen very slowly.

Short URL : https://goo.gl/ZXERcH
  1. https://goo.gl/t0YQG8
  • https://goo.gl/XA61mB
  • https://goo.gl/UfkXGt
  • https://goo.gl/z5ycKf
  • https://goo.gl/CXisrJ

You can also read ...

Major Petrochemical Deals Expected in Three Months
Iran's state-owned petrochemical company is planning to...
Iran trades electricity with four neighbors, namely Azerbaijan Republic, Turkey, Armenia and Iraq.
In line with efforts to boost electricity exports to...
Yadavaran Oilfield Revenues at $3.2b
Iran has extracted about 65 million barrels of oil from...
Saudi Arabia raised fuel prices  in December 2015 and announced plans for further increases.
Saudi Arabia is considering a plan to phase out subsidies for...
There is an increasing trend of emissions disclosure among major oil companies.
It is no secret that oil majors are among the biggest...
US Oil Prices Rise Above $50
US crude oil prices rose above $50 per barrel on Monday and...
Rosneft, Iraq's Kurdistan Sign Deal
Russian oil major Rosneft will invest in gas pipelines in Iraq...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus