Orsted wins reprieve on Revolution Wind project halted by Trump
A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier on Friday, October 24, 2025 in New London, Connecticut, United States.
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Shares of Danish renewable energy giant Orsted rose 5% on Tuesday morning, shortly after a U.S. judge granted the company permission to continue work on its nearly completed Revolution Wind project.
One expressionOrsted welcomed the decision by the U.S. District Court for the District of Columbia and said the action would allow the company to “immediately resume affected operations.”
The decision represents a legal setback for the pro-fossil fuel Trump administration, which has moved to block the $5 billion Revolution Wind project.
The White House halted five major offshore wind development projects late last year, including Orsted’s project off the coast of Rhode Island. Officials mentioned national security concerns It was stated by the Pentagon as the reason for the suspension.
Orsted filed a legal challenge to the Trump administration’s decision earlier this month, saying the rent suspension would cause “serious harm” to the Revolution Wind project.
At Monday’s hearing, U.S. District Judge Royce Lamberth said the Court should be “highly skeptical about the government’s true motives” in halting the project, according to Reuters news agency.
“Do you want to stop everything in place, costing them a million and a half a day, while you decide what you want to do?” Lamberth asked Justice Department attorney Peter Torstensen.
Michael Field, chief equity strategist at Morningstar, said the US judge’s decision was clearly welcome news for the likes of Orsted and Danish wind turbine maker Vestas, but warned there would be more uncertainty in the sector.
“This is definitely a win for these companies — and they’ve had such a tough time over the last year that they could definitely use this,” Field told CNBC’s “Squawk Box Europe” on Tuesday.
“But… is Trump going to find a way to get around this, or is he going to find another way to attack these companies, that’s the question. So I’m not exactly celebrating yet,” he added.
Revolution Wind is a 50/50 joint venture between Orsted and Global Infrastructure Partners’ Skyborn Renewables. One filing Orsted and Skyborn Renewables announced last year that they spent approximately $5 billion on the project.
Orsted shares were trading 5.2% higher at around 8:40 a.m. London time (03:40 ET). Meanwhile, Vestas was last up around 1.6%.
A spokesperson for the U.S. Department of the Interior did not immediately respond to CNBC’s request for comment.
