BUZZ-US wind power companies down after Trump statement
Shares of U.S.-based wind power companies down following President-elect Donald Trump's statement on Tuesday that he would try to ensure that no windmills are built on his watch
Trump has been critical of President Joe Biden's efforts to boost the U.S. green technology sector through the Inflation Reduction Act
"Primary focuses for us from Trump as it relates to wind include limited usage of Federal land for wind projects; adverse changes to the IRA for wind, which could include the repowering subsidies; and offshore wind construction and permitting of new projects" - Jefferies
Renewable energy companies - GE Vernova GEV.N down 2.6%, Plug Power PLUG.O falls 7.8% and Clearway Energy CWEN.N down 2.5%
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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