News Digest Item
30 Jan 2017

“How Trump affects the business of German companies”


Despite US president Donald Trump’s negative view of wind power, German energy companies are confident their investments in renewables in the US are not going to suffer from Trump’s policies, Jürgen Flauger and Franz Hubik write in the Handelsblatt. “We’re not involved in wind power because some president likes it or not, but because it’s a competitive technology that doesn’t have to fear competing with coal and gas,” utility innogy’s CEO Peter Terium said at a conference in Berlin, echoing similar remarks by E.ON’s CEO Johannes Teyssen at the same event. However, Terium said Trump’s administration could overturn a tax privilege for solar and wind power plants which, in turn, would make investments in renewables relatively less attractive, the authors write. But most wind energy projects in the US currently are based in Republican-led southern states, meaning that Trump “would get himself on some Republicans’ bad side,” Terium said.

Read the article in German here (behind paywall).

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