The project, almost 90% complete, “would be irreparably harmed” unless work was allowed to continue during the legal fight, US District Judge Royce C Lamberth concluded Monday. In a statement, the Danish company said “the project will resume construction work as soon as possible, with safety as the top priority, and to deliver affordable, reliable power to the Northeast”.
(Jan 13): Ørsted A/S shares surged after a US judge ruled work can resume on a wind farm off the coast of Rhode Island while it challenges the US government’s latest attempt to stop offshore projects from being built.
The ruling is a major win for the Danish energy giant in the ongoing fight with the Trump administration over renewable energy. Shares rose as much as 6.6% on Tuesday (Jan 13) in Copenhagen.
