In Europe, shares of green energy companies fell as Trump declared victory. The European Renewable Energy Price Index lost 6.3%. Shares of Orsted, the world’s largest offshore wind energy company, dropped by nearly 10%. With Donald Trump’s victory in the presidential election in the United States, there is a decline in the shares of green energy companies in the European markets. Following his declaration of victory in a speech to his supporters, the election results in the world’s largest economy continue to impact assets globally. As of 13:00 GMT, the European Renewable Energy Price Index recorded a 6.5% decline. The drop in Orsted’s shares, the world’s largest offshore wind energy company, approached 10% during the same hours. The decline in shares of Denmark-based wind turbine company Vestas exceeded 8.2%. While shares of Germany-based renewable energy company RWE dropped by 3.5%, shares of wind turbine manufacturer Nordex fell by 6.5%. The shares of renewable energy company EDP, headquartered in Portugal, lost around 5% following Trump’s declaration of victory. During his campaign, Trump pledged to scrap offshore wind energy projects if elected president, and in his previous presidential term, he signed the decision to withdraw the United States from the Paris Agreement.