Data & Analytics

European Wind Energy Stocks Plunge After Trump’s Anti-Wind Remarks

European wind energy companies faced a sharp drop in stock values on Wednesday following remarks by U.S. President-elect Donald Trump, who announced plans to halt the construction of new wind turbines.

"We will try to implement a policy to stop building windmills," Trump stated during a press conference at his Mar-a-Lago residence in Florida on Tuesday.

The fallout was immediate. Shares of Danish turbine manufacturer Vestas Wind Systems and wind energy developer Orsted fell by approximately 7% on the stock exchanges. Trump criticized wind energy as too costly, heavily reliant on subsidies, and lacking public support.

These comments add pressure on an industry already struggling with rising interest rates that have driven up development costs. In 2023, Orsted reported $4 billion in losses and canceled two offshore wind projects near New Jersey's coast.

Despite challenges, wind energy has grown substantially in the U.S., increasing from 2.4 GW in 2000 to 150 GW in April 2024, according to the Energy Information Administration (EIA). In the same month, wind-generated electricity surpassed coal for the first time.

Source: News.ro

European New Car Registrations Rise 0.6% Amid Shifts in Vehicle Preferences

July 2024 saw 1,025,290 new cars registered across Europe, according to the Association of Automobile Manufacturers of Europe (ACEA). Fully electric vehicles (BEVs) accounted for 139,657 units, marking a 5.9% decline compared to July 2023. Plug-in hybrids (PHEVs) saw an even sharper drop of 10.6%

Wind, Solar Energy Outpace Fossil Fuels in EU Electricity Production in First Half of 2024

In the first half of 2024, wind and solar power in the EU produced more electricity than fossil fuels for the first time, according to the latest analysis by the Ember think tank. This milestone was achieved despite growing electricity demand on the continent. Germany notably produced more electricity from

Türkiye’s Daily Power Consumption Falls 0.29% on June 26

Türkiye’s daily electricity consumption declined by 0.29% on June 26, reaching 973,740 megawatt-hours (MWh), according to data from Türkiye’s Electricity Transmission Corporation (TEIAS). The country’s hourly power consumption peaked at 47,362 MWh at 15:00 local time, while the lowest usage was recorded at

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