US halts Rhode Island offshore wind project, impacting industry progress

1 min read
Source: Financial Times
US halts Rhode Island offshore wind project, impacting industry progress
Photo: Financial Times
TL;DR Summary

The US has halted construction on Ørsted's $1.5 billion Revolution Wind offshore wind farm off Rhode Island due to national security concerns, causing delays and financial strain for the Danish energy company, which is already facing challenges with its global projects and market confidence.

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