Wind Energy Stocks Top European Markets. Trump Relents on Renewables.
European stocks were gaining on Tuesday and renewable-energy companies were prominent among the gainers after the Trump administration lifted its block on the Empire Wind energy project off the coast of New York.
Norwegian energy group Equinor said it was informed by the Interior Department that a stop-work order on the project was lifted, allowing construction to continue. Interior Secretary Doug Burgum halted the project a month ago.
Equinor’s American depositary receipts were up 2.9% in premarket trading on Tuesday. On European bourses, Danish wind energy player Orsted rose 16%, Vestas Wind Systems climbed 6.8% and Portugal’s EDP Renovaveis was up 5.2%.