Vestas starts with an increase of eight percent about half an hour after the stock exchange opened on Wednesday. This happens after a draft of a large legislative package in the US has been voted through in the Senate.
According to Jacob Pedersen, head of equity research at Sydbank, the bill has been changed in crucial points for the wind industry compared to the previous draft.
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 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 Senate.
The energy company Ørsted also has wind projects in the US and is therefore also affected when the terms change. On Wednesday, Ørsted will rise by about four percent at 9:30.
Changes remove time pressure
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" (ed.) by the end of 2027 at the latest in order to participate in the American PTC support scheme.
- This means that Vestas customers can start projects in the coming year, without being pressured by the time they must be completed by the end of 2027, he writes.
The US President, Donald Trump, himself calls the 940-page legislative package a "Big, Beautiful Bill".
In addition to reducing the current support schemes for green energy, it also proposes to extend tax breaks worth several thousand billion dollars over the next ten years.
It was voted through in the Senate with the narrowest possible majority, as Vice President J.D. Vance had to be called in to cast his vote, which secured a majority.
/ritzau/
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
