In this article
The Iran war appears to have supercharged the clean energy transition, providing a catalyst for wind power giants as countries reassess the role of renewables in shoring up energy security.
Danish wind turbine maker Vestas reported an unexpectedly large first-quarter profit rise on Wednesday, citing improved execution of its onshore and offshore businesses despite growing political uncertainty.
Danish utility Orsted also posted stronger-than-expected profit through the first three months of the year, while Norway’s Equinor
, which is primarily an oil and gas major, told CNBC that the Middle East crisis is set to deliver a boost to returns in its clean tech division.
