"We're going to try and have a policy where no windmills are being built," Trump told reporters Tuesday.
The Danish wind turbine manufacturer Vestas and wind developer Orsted fell nearly 7% Wednesday in the wake of Trump's remarks."We're going to try and have a policy where no windmills are being built," Trump told reporters at a press conference at his Mar-a-Lago home in Florida on Tuesday afternoon.
Trump's opposition to wind power creates further challenges for an industry that has already struggled in the face of high interest rates that have raised the cost of developing new projects more expensive. In late 2023, for example,Still, wind power has expanded in the U.S., growing from 2.4 gigawatts in 2000 to 150 gigawatts by April 2024, according to data from the Energy Information Administration.