Orsted jumps 6% after U.S. judge rules firm can resume wind project halted by Trump

Orsted jumps 6% after U.S. judge rules firm can resume wind project halted by Trump

Published Tue, Jan 13 2026

3:10 AM EST

Updated 1 Min Ago

A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025.

Bloomberg | Bloomberg | Getty Images

Shares of Danish renewables giant Orsted rose nearly 6% on Tuesday morning, shortly after a U.S. judge cleared the company to resume work on its nearly finished Revolution Wind project.

The ruling is a legal setback for the pro-fossil fuel Trump administration, which moved to block the $5 billion Revolution Wind project, located about 15 miles south of the Rhode Island coast.

Revolution Wind is a 50/50 joint venture between Orsted and Global Infrastructure Partners' Skyborn Renewables. In a filing last year, Orsted and Skyborn Renewables said they had already spent approximately $5 billion on the project.

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