Will Democrats’ midterms triumph put wind back in sails of the renewables sector?

Future brightens for US developers in particular after election when voters rejected Trump’s war on clean energy

After years as collateral damage in Donald Trump’s war on climate action, the Democrats’ sweeping triumph in the US midterm elections has emerged as a victory for the global renewable energy industry too.

Across the world’s financial centres the market value of renewable energy developers climbed as the election results confirmed the Republicans had lost control of the Senate and House of Representatives.

For the world’s largest offshore wind developer, Ørsted, the shift in power could spell a reprieve from the White House’s assaults on the Danish company’s multibillion-dollar offshore wind investments off the north-east US coast.