offshore wind, Trump administration
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Although the news afford Orsted shares some relief at this stage, securing future investment for other projects is problematic owing to the regulatory environment.
Orsted’s C.E.O. says it plans to move quickly to complete a $6.2 billion wind farm off Rhode Island after a judge struck down President Trump’s bid to halt it.
A federal judge ruled again Monday that work may resume on the offshore Revolution Wind project, despite the Trump administration’s efforts to halt construction for the second time.
The Copenhagen-listed company rallied in early trading after Revolution Wind, its joint venture with Skyborn Renewables, on Monday won its request to the US District Court of Columbia for a preliminary injunction blocking the suspension.