All articles tagged with #orsted
Originally Published 9 days ago — by CNBC
Orsted has filed a lawsuit against the Trump administration to challenge the suspension of its $5 billion Revolution Wind offshore wind project, citing substantial harm and reliance on a thorough review process, after the lease was halted over national security concerns.
Originally Published 20 days ago — by Orsted
Revolution Wind and Sunrise Wind, two major offshore wind projects in the US, received 90-day suspension orders from the Bureau of Ocean Energy Management, halting activities despite being in advanced construction stages and fully permitted, with plans to deliver power to over a million homes in 2026.
Originally Published 3 months ago — by CNBC
Shares of Danish renewable energy company Orsted surged after a U.S. court overturned a Trump-era block on the Revolution Wind offshore wind project, allowing construction to resume. The court's decision provides a significant relief for Orsted, which has faced setbacks due to the U.S. administration's stance against offshore wind development. The company's shares had previously declined amid broader challenges in the renewable sector and funding issues.
Originally Published 3 months ago — by Financial Times
Ørsted plans to sell shares at a 67% discount through a $9.4 billion rights issue, indicating a significant fundraising effort.,
Originally Published 4 months ago — by Crude Oil Prices Today | OilPrice.com
The U.S. government abruptly halted Ørsted's nearly complete Revolution Wind offshore wind project in Rhode Island, citing vague national security concerns, despite the project's economic viability and strategic importance, leading to significant financial losses for Ørsted, undermining investor confidence, and delaying the U.S. energy transition, while highlighting the risks of political interference in long-term infrastructure projects.
Originally Published 4 months ago — by The New York Times
Orsted, a Danish renewable energy company, sued the Trump administration after it ordered a halt to the nearly completed $6.2 billion Revolution Wind offshore wind farm off Rhode Island, claiming the order was unlawful and influenced by political motives, and seeking to prevent enforcement of the stop-work order.
Originally Published 4 months ago — by CNBC
Orsted sued the Trump administration to prevent the halt of its nearly completed Revolution Wind offshore wind farm off New England, arguing the stop-work order on national security grounds is unfounded and politically motivated, as the project has undergone extensive review and is environmentally sound.
Originally Published 4 months ago — by Bloomberg.com
Rhode Island, Connecticut, and Orsted are suing the Trump administration to resume construction of an 80% complete offshore wind project, citing unlawful stop-work orders and significant financial losses, amidst broader federal efforts to hinder the US offshore wind industry.
Originally Published 4 months ago — by Financial Times
Equinor is investing nearly $1 billion in Ørsted's rights issue to support the Danish renewable energy company amid US political pressures on offshore wind projects, highlighting potential industry consolidation and strategic collaboration between the two firms.
Originally Published 4 months ago — by Bloomberg.com
Orsted, a Danish offshore wind company, faces significant setbacks in the US market due to political and economic challenges, including a $9.4 billion capital raise and project halts ordered by the Trump administration, leading to a sharp decline in its stock value and raising questions about its future US operations and strategic direction.
Originally Published 4 months ago — by The New York Times
Orsted's stock hit a record low after the Trump administration ordered a halt to the Revolution Wind project off Rhode Island, raising concerns about the company's U.S. investments and future prospects in offshore wind energy.
Originally Published 4 months ago — by CNBC
Shares of Orsted plummeted 17% to a record low after the U.S. government ordered a halt to the nearly completed Revolution Wind Project off Rhode Island, raising concerns about the company's ongoing capital raising plans and potential financial impacts. The company plans to comply with the order and is exploring options to resolve the issue, but the situation has increased uncertainty about its future projects and funding strategies.
Originally Published 4 months ago — by Recharge News
Orsted is expected to complete its Revolution Wind project in the US despite a stop work order issued by the Trump administration, with experts expressing surprise at the unprecedented nature of such a halt across industries.
Originally Published 4 months ago — by Financial Times
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.
Originally Published 5 months ago — by The New York Times
Orsted plans to raise $9.4 billion through a share offering due to industry challenges exacerbated by the Trump administration's skepticism towards wind energy, leading to a significant drop in its stock price and casting doubt on future offshore wind projects in the US.