Vestas CEO says Trump’s tariffs to push global power prices, urges calm on US market’s long-term prospects
The sweeping tariffs introduced by US president Donald Trump could lead to higher electricity prices around the world, said Hendrik Andersen, CEO of Danish wind turbine manufacturer Vestas, in an interview with business newspaper Handelsblatt. Prices in industry supply chains are set to rise with the tariffs, which producers would ultimately pass on to consumers, Andersen said.
You are not logged in
If you want to read more, join the ENERGY-HUB club
LoginTry the monthly membership in the ENERGY-HUB club for free!
Related articles
Most people in Germany clueless how new EU carbon price will affect heating costs – survey
Many people in Germany have no idea that the planned expansion of EU carbon pricing could significantly push up their fossil fuel…
Clean tech key for energy security, critical minerals growing risk – IEA
International cooperation is crucial to ensure energy security, with the expansion of clean energy technologies as a key element g…
Tesla: Trade tariffs will have ‘outsized impact’ on battery storage business, CFO says
Tesla’s energy storage business continued to grow in Q1 2025 even as profits and vehicle sales fell, but faces greater exposure to…
Japan launches subsidy program to cut costs of renewable heat systems
The Japanese government says it has opened applications for a subsidy initiative aimed at cutting costs for renewable heat and ind…
Negative electricity prices returns to Europe
AleaSoft Energy Forecasting’s latest analysis finds most major European electricity markets recorded negative prices during the th…
ENERGY-HUB is a modern independent platformsharing news and analytic articles from the energy sector on a daily basis. Within our portfolio we monitor czech, slovak and foreign press releases.
