Ørsted Shares Soar on U.S. Court Win over Offshore Wind Farm ...Middle East

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Ørsted Shares Soar on U.S. Court Win over Offshore Wind Farm
Shares in Ørsted (CPH: ORSTED) surged by 12% at opening in Copenhagen on Tuesday after a U.S. court blocked last month’s Trump Administration stop-work order on a nearly completed offshore wind project. Ørsted and its joint venture partner Skyborn Renewables were progressing the construction of the Revolution Wind off the Rhode Island coast when the Trump Administration issued a stop-work order in August, throwing the project – which is 80% completed – and Ørsted’s operational and financial targets in…

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