Wind power stocks were among the worst performers in the Hong Kong market. As of press time, Dongfang Electric Corporation Limited (01072) fell by 7.94% to HK$36.4, while Goldwind Science & Technology Co., Ltd. (02208) dropped 3.56% to HK$17.36. China Longyuan Power Group Corporation Limited (00916) declined by 2.76% to HK$6.7.

The decline follows recent developments affecting the renewable energy sector. On May 4, the Trump administration halted the development of onshore wind projects in the United States, citing national security concerns, marking a significant escalation in its stance against renewable energy. Additionally, the European Union has prohibited funding for projects utilizing Chinese-made inverters, with reports indicating that Power Conversion Systems (PCS) for energy storage have also been explicitly added to the restriction list.

Public information indicates that overseas and offshore markets are two key growth areas for China's wind power industry. In February, the European Commission initiated an in-depth investigation into Goldwind's business activities in the EU wind power market under the Foreign Subsidies Regulation. On May 7, Goldwind stated in response to investor inquiries on an interactive platform that its various business operations in the EU market are currently proceeding normally and in an orderly manner, and the company will continue to provide consistent, high-quality service and support to customers and partners.