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Orsted Shares Rise After Court Win Against Trump Administration
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Offshore Engineer News
Orsted shares rose on Tuesday after a U.S. federal judge ruled it could resume work on an almost completed offshore wind project in the United States, delivering a win for an industry under sustained attack from President Donald Trump.
Orsted has been losing $2 million a day since the U.S. Bureau of Ocean Energy Management issued its work-stop order for its Revolution Wind project on August 22.
Revolution Wind disputed those claims.
Orsted shares were up 6.45% at 118 Danish crowns by 0926 GMT, after rising as much as 12% at market open.
Orsted said it would resume work "as soon as possible", but declined to elaborate further.
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