January 3, 2025 — Danish renewables giant Orsted, the world’s largest developer of offshore wind farms, said on Friday that it had launched legal action against the Trump administration over the suspension of its $5 billion Revolution Wind project.
Shares of the Copenhagen-listed company rose more than 4% on the news, putting the stock among the top performers of the pan-European Stoxx 600 index.
Orsted said in a statement that it would seek a court injunction against the U.S. government’s decision to halt its Revolution Wind project, located about 15 miles south of the Rhode Island coast.