0752 GMT - Shares of European renewable energy companies jump at the market open after the resumption of the Empire Wind project alleviates uncertainties about the continuation of the massive project. Following a month-long halt imposed by the Trump administration, the Empire Wind project off New York's coast is now back on. The project, which is being developed by Norwegian energy group Equinor, is about 30% complete with an investment of $2.5 billion. The news sent the shares of renewable energy companies higher, with Danish wind energy player Orsted up 12.3%, Vestas up almost 4% and Portugal's EDP Renovaveis and Spain's Acciona Energia more than 3.2% higher. Denmark's Equinor rises 1.83% and Germany's RWE jumps 2.1% while Nordex and Siemens Energy trade 1.7% and 1.6% higher, respectively. (maitane.sardon@wsj.com)
(END) Dow Jones Newswires
May 20, 2025 03:52 ET (07:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.