A turbine blade is lifted onto a rack close to tower sections on the Revolution Wind undertaking meeting web site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025.
Bloomberg | Bloomberg | Getty Photographs
Shares of Danish renewables big Orsted rose practically 6% on Tuesday morning, shortly after a U.S. choose cleared the corporate to renew work on its practically completed Revolution Wind undertaking.
The ruling is a authorized setback for the pro-fossil gas Trump administration, which moved to dam the $5 billion Revolution Wind undertaking.
The White Home halted 5 main offshore wind developments on the finish of final yr, together with Orsted’s undertaking off the coast of Rhode Island. Officers cited nationwide safety considerations recognized by the Pentagon as the explanation for the suspension.
Orsted filed a authorized problem to the Trump administration’s determination earlier this month, saying that the lease suspension would trigger “substantial hurt” to the Revolution Wind undertaking.
Revolution Wind is a 50/50 three way partnership between Orsted and International Infrastructure Companions’ Skyborn Renewables. In a submitting final yr, Orsted and Skyborn Renewables mentioned they’d already spent roughly $5 billion on the undertaking.
Shares of Orsted traded 5.6% larger at round 8:20 a.m. London time (3:20 a.m. ET).
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