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Trump wants to ban wind farms, causing the stock price of the world's largest offshore wind power Operator to plummet.
On January 20 local time, Danish offshore wind power giant Ørsted announced a large-scale cut to its USA Business. This move comes as Trump takes office as President of the USA, casting a shadow over the prospects for the Wind Power industry - just hours after the latest impairment announcement, Trump was officially inaugurated and suspended new offshore wind power leases. After the market opened on Tuesday, Ørsted's European stocks fell more than 17%.
Fortis Inc. Stock Rises Tuesday, Outperforms Market
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