US EditionOrsted shares jump 7% after U.S. court overturns Trump project block
Orsted can resume building the Revolution Wind project after a court blocked the Trump-era ban that halted offshore wind leases, aiding U.S. clean energy efforts.
- A U.S. judge ruled on Monday that Orsted can resume construction of the nearly complete Revolution Wind offshore project off Rhode Island and Connecticut.
- This decision follows the Trump administration's January executive order suspending new and renewed offshore wind leases and last month's Interior Department halt of Orsted's $6.2 billion project.
- The court found the administration's stop-work order lacked factual basis, calling the immediate pause arbitrary and capricious while the Bureau continues to defend project approvals in other cases.
- Shares of Orsted jumped about 7% after the court granted a preliminary injunction allowing construction to proceed, which a senior attorney described as exposing the Trump-era strategy as unjustified.
- The ruling represents a significant reprieve for clean energy jobs and may have broader legal impact on efforts to block offshore wind development under the Trump administration.
15 Articles
15 Articles
Judge Allows Construction on Offshore Wind Farm To Resume - WhoWhatWhy
Judge Allows Construction on Offshore Wind Farm To Resume (Maria) The author writes, “On Monday, a judge blocked the Trump administration’s latest attempt to stifle the U.S.’s nascent offshore wind industry. The ruling allows construction to immediately restart on Revolution Wind, which the Danish company Orsted is building in the waters off Rhode Island and Connecticut. While the preliminary injunction can still be appealed, the project is 80% …
Revolution Wind’s stop-work order has been lifted. What happens next?
Revolution Wind can officially resume. But unlike the last time President Donald Trump ordered construction on an offshore wind project to pause, relief came through the courts rather than politicking. A federal judge on Monday ruled in favor of the Danish energy giant Ørsted, whose $6.2 billion Rhode Island project…
The shares of the Danish renewable energy company Orsted are skyrocketing today on the Stock Exchange after an American judge has ruled that it is possible to continue with the construction of an almost finished wind farm off the Rhode Island coast, thus cancelling the Trump administration's efforts to stop the project.The shares of the Danish company register important increases today in the Copenhagen Stock Exchange up to 12% and contagion to …
Orsted shares jump 12% after US judge lifts Trump ban on Revolution Wind project
Shares in Orsted rose as much as 12% in early trade on Tuesday after a U.S. federal judge ruled that it can resume work on the almost completed Revolution Wind project halted by U.S. President Donald Trump's administration last month.
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