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Orsted shares jump as Revolution Wind project gets US greenlight
Photo: Bloomberg

Shares of Danish offshore wind developer Orsted rose 5.1% on Tuesday after a U.S. court cleared the company to resume work on its nearly completed Revolution Wind project, easing concerns over potential financial losses.

Offshore wind developers ‍have faced repeated disruptions to multi-billion dollar projects under U.S. ​President Donald Trump, who ‌has said he finds wind turbines ugly, expensive and inefficient, News.Az reports, citing Reuters.

The company's lawsuit is one of several filed ⁠by offshore wind ​companies and states ​seeking to reverse the Interior Department's December 22 ‍suspension ⁠of five offshore wind leases over what it ⁠said were national security concerns.


News.Az 

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