Vattenfall: Tariffs Could Dampen Europe’s Power Demand ...Middle East

The tariff threats could reduce electricity demand in Europe as investors could be more hesitant to invest in new factory capacity amid the ongoing trade wars, the top executive of Swedish utility giant Vattenfall told Reuters on Tuesday. “I think we see a bit of hesitation when it comes to investments and the next steps, and that could possibly delay the increased (power) demand somewhat,” Anna Borg, chief executive officer at Vattenfall, told Reuters. Europe’s industry has been at a disadvantage compared to U.S. and Chinese…

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