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
Energy & Utilities Roundup: Market Talk
0944 ET – Oil futures are higher and heading for gains in a week that started with a slump on planned OPEC+ output increases and i…
Oil up over 1%, set for weekly gain on US-China trade talk optimism
Oil prices rose over 1% on Friday and were set for their first weekly gains since mid-April as a U.S. trade deal with United Kingd…
Carbon unveils first PV panels
At the Intersolar trade show in Munich, the startup Carbon is showcasing its first PV modules, which will be available from mid-20…
Indian solar manufacturing to hit 160 GW of modules, 120 GW of cells by 2030
India is expected to reach 160 GW of solar module capacity and 120 GW of cell capacity by 2030, up from 80 GW and 15 GW respective…
UK reaches over 120GWh of approved grid-scale battery storage projects
The pipeline of grid-scale BESS projects with planning approval in the UK has now reached 58,270MW/121,645MWh in capacity.
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.