Ørsted A/S saw its shares climb 6% following a federal court ruling that allows the company to restart construction on its Revolution Wind offshore project in Rhode Island. The decision reverses an earlier halt tied to regulatory challenges under the Trump administration.
- Ørsted shares rose 6% following a U.S. court ruling allowing resumption of the Revolution Wind project.
- Revolution Wind, near Rhode Island, was halted in late 2024 due to regulatory challenges from the Trump era.
- Project is 90% complete, with restart expected to cut delivery timelines by 18 months.
- Revolution Wind can generate up to 500 MW, powering ~375,000 homes.
- Updated BOEM protocols include enhanced tribal consultation and marine mammal protections.
- Decision may set precedent for other stalled offshore wind projects in the U.S. Atlantic region.
Ørsted, the Danish renewable energy giant, experienced a notable market rally as its stock rose 6% after a U.S. district judge ruled in favor of resuming work on the Revolution Wind project. The offshore wind initiative, located off the coast of Rhode Island, had been stalled since late 2024 amid litigation over environmental permitting and federal oversight concerns initially triggered during the Trump administration's deregulatory push. The judicial order specifically validated Ørsted’s compliance with revised federal requirements under the Biden-era Bureau of Ocean Energy Management (BOEM) framework. This includes updated marine mammal protection protocols and expanded consultation with tribal nations—a shift designed to address previous legal objections. With the site nearly 90% complete, restarting construction is expected to accelerate delivery by approximately 18 months compared to a full restart scenario. The project remains on track to generate up to 500 megawatts of clean electricity—enough to power roughly 375,000 homes annually—by mid-2027. The decision also signals a broader trend toward resolving long-stalled renewable infrastructure projects through legal clarity rather than prolonged delays. Market participants reacted positively, with analysts noting that the ruling could unlock similar projects in the Atlantic seaboard region, particularly those held up by overlapping jurisdictional disputes. Investors are now reassessing risk profiles for offshore wind developments, with sector benchmarks rising across European and North American exchanges.