Vestas shares experienced a significant drop on the Copenhagen stock exchange Thursday morning, plummeting by around five percent. This decline follows a Bloomberg report, as cited by MarketWire, suggesting that US tax rebates for green energy investments may be phased out sooner than anticipated due to a proposed bill.

The initial plan allowed companies to benefit from tax advantages related to renewable energy plant construction until 2032. However, the new draft bill reportedly indicates that deductions under the Inflation Reduction Act could cease as early as 2029.

Ørsted is also feeling the impact of this news from the United States, with its shares declining by just over three percent this morning.