November 10 (SeeNews) - The effect of Donald Trump's victory in the US presidential election on future wind turbine installations in the US would be modest, according to the head of the Danish Wind Industry Association (DWIA).
Jan Hylleberg said on Wednesday that wind energy is good business and the newly elected president could see that.
Hylleberg believes that it would be hard to overturn the five-year agreement for the extension of the production tax credit (PTC), the key incentive for wind farms in the US. The deal, signed into law by President Barack Obama in December 2015, includes many elements concerning other industries, including oil exports.
DWIA also cites a survey by Vestas Wind Systems A/S (CPH:VWS), according to which nearly 80% of Trump followers support the further expansion of wind power in the USA.
Trump does not believe in man-made climate change and he is definitely not a keen supporter of renewables. The news of his victory hurt the stocks of major wind and solar companies, and not only in the US. Still, onshore wind power, and even solar power in some states, have become some of the cheapest energy options in many parts of the US. As the American Wind Energy Association (AWEA) points out, US states, where most energy policy is made, are likely to continue their clean energy efforts.
“With over 80% of all wind farms in Republican-held congressional districts, we envision that the Republican leadership in Congress and the White House will want to keep our industry growing,” says AWEA. According to the organisation, wind power supports 88,000 American jobs currently.