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.
This is breaking news. Please refresh for updates.
