FT News Briefing US offshore wind energy, the rise of Germany’s Green Party
Apr 26, 2021
Chinese companies are making waves on U.S. stock markets, raising unprecedented funds despite geopolitical tensions. Vaccine developers caution that waiving patents could empower adversaries. In renewable energy news, the Vineyard Wind project off Massachusetts heralds a new era for offshore wind, promising job creation and sustainable development. Meanwhile, Germany's Green Party enjoys a surge in popularity, poised for significant political influence with ambitious infrastructure plans ahead of the upcoming elections.
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Chinese Funding Surge
- Chinese companies raised a record $11B on US exchanges despite political tensions.
- This surge comes despite delisting threats and a new law regarding audit inspections.
Vaccine Patent Risks
- Drug companies warn that waiving COVID-19 vaccine patents is risky.
- They argue it could give novel mRNA technology to competitors like China and Russia.
Vineyard Wind Project
- Vineyard Wind, a 64-turbine project off Massachusetts, could be a model for US offshore wind energy.
- It promises green jobs, but most will be temporary construction roles.