Vestas falls after US subsidies-cut bill proposal

Vestas Wind Systems A/S

30/06/2025 10:06

** Shares in Vestas VWS.CO fall around 6% after the U.S. Senate advanced a tax-cut and spending bill proposal that includes cuts in subsidies for onshore wind projects

** Sydbank analyst Jacob Pedersen says the bill requires that a project be "placed in service" by the end of 2027, the interpretation of which is still unclear and puts the industry under "massive" pressure

** He expects "a very high proportion" of projects that have not been started before the law is passed or that have not finished by the end of 2027 may have to be shelved

** Pedersen adds the bill raises the risk of "sharp and violent decline" in activity levels after 2027, but may open up for very high order intake for Vestas from the U.S. in 2025 and 2026

** The Danish wind giant Orsted ORSTED.CO is down 2.4%, and Lisbon-listed EDP Renovaveis EDPR.LS falls around 4%

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))