Siemens Energy, RWE warn of Trump fallout in US offshore wind sector [Yahoo! Finance]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance
challenges for the U.S. offshore wind sector under a presidency led by Donald Trump, flagging potential delays for the technology slammed by the president-elect. The comments by Germany's RWE, the world's No. 2 offshore project developer, and Siemens Energy, the biggest maker of offshore wind turbines, reflect a sobering view of Trump's expected impact on renewables after his victory in this month's presidential vote. "Given the results of the U.S. elections, we see higher risks than before for the timely implementation of offshore wind projects there," RWE finance chief Michael Mueller told journalists after presenting nine-month results. "We have to expect that investments in our projects will come later than originally planned," he said. Christian Bruch, CEO of Munich-headquartered Siemens Energy, also pointed to looming issues in offshore permitting in the U.S. in the future, assuming current projects that had already secured permitting would be unaffected. "Those would
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- 10/5/24 - Citigroup Inc.
SIEGY
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- 11/14/24 - Form 13F-HR
- 8/30/24 - Form N-PX
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