Shares of power producers fell sharply on inflation expectations.
A sustained increase in inflation would drive up interest rates, typically a negative for the utility sector.
Renewable power capacity grew at its fastest pace this century in 2020, the International Energy Agency estimated, raising its growth forecast for wind and solar power for this year and next.
Spanish utility Iberdrola's Vineyard Wind project received the green light from the U.S. Bureau of Ocean Energy Management for what would be the nation's first commercial-scale offshore wind farm.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-11-21 1633ET
