It’s not just Big Oil. Wind giants welcome profit beats as Iran war spurs energy pivot

An employee works on core components of circuit breakers for wind turbines at Siemens Energy's Hangzhou Plant on February 28, 2026 in Hangzhou, Zhejiang Province of China. China News Service | China News Service | The Iran war appears to have supercharged the clean energy transition , providing a catalyst for wind power giants as countries reassess the role of renewables in shoring up energy security. Danish wind turbine maker Vestas reported an unexpectedly large first-quarter profit rise on Wednesday, citing improved execution of its onshore and offshore businesses despite growing political uncertainty. Danish utility Orsted also posted stronger-than-expected profit through the first three months of the year, while Norway's Equinor , which is primarily an oil and gas major, told CNBC that the Middle East crisis is set to deliver a boost to returns in its clean tech division. Torgrim Reitan, chief financial officer at Equinor, said that the drivers behind the energy transition have clearly shifted amid the Iran war, moving from a focus on decarbonization to issues such as energy security, self-sufficiency and independence. …