Source: CNBC
“Shares of Danish renewables giant Orsted rose nearly 5% on Tuesday morning, shortly after a U.S. judge cleared the company to resume work on its nearly finished Revolution Wind project. … The White House halted five major offshore wind developments at the end of last year, including Orsted’s project off the coast of Rhode Island. Officials cited national security concerns identified by the Pentagon as the reason for the suspension. Orsted filed a legal challenge to the Trump administration’s decision earlier this month, saying that the lease suspension would cause ‘substantial harm’ to the Revolution Wind project. In a hearing on Monday, U.S. District Judge Royce Lamberth said the Court should be ‘very skeptical of the government’s true motives’ for putting a stop to the project, according to Reuters news agency.” (01/13/26)
https://www.cnbc.com/2026/01/13/orsted-trump-wind-power-revolution-wind.html