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
Spain approves legislation to encourage energy storage and flexibility
The Spanish government has approved legislation to strengthen its electricity system following the major power outage the country…
Dais and Electric Land partner to deploy 4GW of BESS in Germany
BESS developer-operator Dais Energy Ventures and investor Electric Land have announced a joint venture (JV) to develop, build and…
Intersect Power renegotiates BESS offtake deal to mitigate US tariff uncertainty
Intersect Power has become the latest player in the energy storage space to feel the adverse effects of tariff increases and polic…
Ireland’s solar capacity hits 1.76 GW
Ireland’s total installed solar capacity reached 1.76 GW as of May 31, 2025, according to Solar Ireland’s new “Scale of Solar 2025…
EU adopts state aid framework for cleantech industry
The European Commission has developed a new state aid framework under the Clean Industrial Solutions Act for Europe (CISAF) to sup…
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.