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A turbine blade is lifted onto a rack close to tower sections on the Revolution Wind venture meeting web site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025.
Bloomberg | Bloomberg | Getty Pictures
Danish renewables large Orsted, the world’s largest developer of offshore wind farms, mentioned on Friday that it had launched authorized motion towards the Trump administration over the suspension of its $5 billion Revolution Wind venture.
Shares of the Copenhagen-listed firm rose greater than 4% on the information, placing the inventory among the many prime performers of the pan-European Stoxx 600 index.
Orsted mentioned in a press release that it could search a court docket injunction towards the U.S. authorities’s choice to halt its Revolution Wind venture, positioned about 15 miles south of the Rhode Island coast.
“As was the case with the August 2025 stop-work order, the Revolution Wind Mission … faces substantial hurt from a continuation of the lease suspension order. In consequence, litigation is a crucial step to guard the rights of the Mission,” Orsted mentioned.
“Revolution Wind has spent and dedicated billions of {dollars} in reliance upon, and has met the requests of, an intensive evaluation course of,” the corporate added.
The professional-fossil gasoline Trump administration suspended leases on Dec. 22 for 5 giant offshore wind initiatives, together with Revolution Wind, citing nationwide safety issues recognized by the Pentagon.
The transfer marked the most recent in a string of blows towards offshore wind builders, with U.S. President Donald Trump having beforehand described wind generators as “ugly” and an financial and environmental “catastrophe.”
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 that they had already spent roughly $5 billion on the venture.
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