Changes to a US bill provide better conditions for the wind industry than the previous draft. Therefore, Jacob Pedersen, head of equity research at Sydbank, expects Danish wind turbine manufacturer Vestas to have a green trading day on Wednesday.
In an analysis, he writes that the bill, which was passed in the US Senate on Tuesday, can ensure the possibility of a strong American market for onshore wind also after 2027.
- The adopted proposal does not derail the industry to the same extent as the previous text, but it still represents a deterioration from the current rules in the Inflation Reduction Act, writes Jacob Pedersen.
Before the legislative package can be sent to President Trump's desk for signature, it must be sent for another reading in the House of Representatives.
On Monday, Vestas fell eight percent after a draft of the legislative package was voted through in an initial vote in the Senate.
According to Jacob Pedersen, the most important change is that it is no longer a requirement in the bill that wind projects must be "placed in service" by the end of 2027 at the latest in order to participate in the American PTC support scheme.
- This allows Vestas customers to start projects in the coming year without being pressured by the fact that they must be completed by the end of 2027, he writes.
/ritzau/
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