Name: Orsted shares jump as US court lifts Trump block on wind project | REUTERS
Uploaded: 2026-01-13T16:55:15.000Z
Duration: 1 min 4 s
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court cleared the Danish offshore wind developer to resume work on its nearly completed Revolution Wind project and easing fears of multi billion dollar losses.

The ruling comes after repeated disruptions to offshore wind projects under President Donald Trump.

He's criticized wind turbines as ugly, costly and inefficient.

Oersted's lawsuit is among several filed by offshore wind companies and states.

They want to overturn the Interior Department's suspension of five offshore wind leases over what it said were national security concerns.

Revolution Wind, built with Siemens Gamesa turbines, is designed to deliver electricity to Rhode island and Connecticut.

The Oersted decision follows a September court victory when a judge rejected the administration's first attempt to halt the project.

One analyst said the ruling sharply lowers the risk of Revolution Wind being cancelled, which would have caused losses of over $3 billion.