European renewable stocks slip after U.S. Senate proposes earlier end for wind, solar credits

Vestas Wind Systems A/S

17/06/2025 08:12

** Shares in European renewable energy groups slide after the U.S. Senate Finance committee unveiled changes to President Donald Trump's sweeping tax-cut and spending bill that would phase out solar, wind and energy tax credits by 2028

** U.S. Senate tax committee proposed a full phase-out of solar and wind energy tax credits by 2028, according to a draft bill circulated on Monday

** German solar power parts supplier SMA Solar S92G.DE is down around 4%; Danish offshore wind developer Orsted ORSTED.CO slips 2.8%

** German wind turbine manufacturer Nordex NDXG.DE and its Danish peer Vestas VWS.CO are both down around 2%

** Portugal's EDP Renovaveis EDPR.LS is down 1.5%, Germany's RWE RWEG.DE slips 1.2%

 (Reporting by Tristan Veyet)

 ((Tristan.chabba@thomsonreuters.com))