Vestas shares close in the red after US market turmoil

New legislation in the US could potentially pose challenges for wind projects, causing Vestas shares to fall.

Details about a US bill on Monday will cause a red day for Vestas shares, which will fall by almost eight percent at the close of trading.

The draft bill was read out in the Senate over the weekend, and if the proposal becomes reality, it will have consequences for the wind industry in the United States.

The US bill will mean that subsidies for the construction of wind farms in the US will expire in 2027. Vestas may therefore be affected by the American backlog.

The same can be said for the energy company Ørsted, which saw its shares fall by 3.7 percent on Monday.

Specifically, wind and solar projects in the US risk being subject to additional taxes from 2027.

Shareholders have reacted to these factors during Monday’s market.

The market reacted to the development in the US as early as the morning hours on Monday, with Vestas shares falling by six percent by noon.

The draft bill has been called the ‘Big, Beautiful Bill’ by US President Donald Trump

The legislative package was voted through in an initial vote in the US Senate on Saturday, US time.

According to the AP, it happened with a narrow majority of 51 votes in favor and 49 votes against.

The bill will now be debated in the Senate, after which a vote is expected to take place on Monday, US time, at the earliest.

If the bill finally gets the green light in the Senate, it will be sent to the House of Representatives, where it will be voted on one last time before it can be sent to Trump in the White House for approval.

Each time the bill is considered in the Senate and the House of Representatives, the text may be changed.

For example, the latest draft differs in several places from a draft that was voted through in the House of Representatives in May.

ritzau