(Replace) January 2, 2026, 9:14 PM GMT: Article up to date.
European builders Orsted A/S and Equinor ASA filed authorized challenges to the Trump administration’s determination to halt development of their US offshore wind tasks.
Each firms referred to as the federal government’s motion illegal and requested that the halt be lifted till the court docket makes a closing verdict.
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The US in December suspended leases for 5 wind farms underneath development on the East Coast. The suspensions are a part of President Donald Trump’s effort to aggressively thwart the expansion of the business as he rolls again Biden-era local weather insurance policies and champions fossil fuels.
It’s the second time Orsted’s Revolution Wind and Equinor’s Empire Wind tasks have been halted by the administration. In September, a decide dominated Revolution Wind, may resume work whereas a authorized problem to an preliminary halt was underway. Equinor was in a position to resume development of its wind farm off New York final spring after the administration reversed its first stop-work order for the undertaking.
Orsted rose 4.6% Friday The shares slumped greater than 30% final yr, dragged decrease by Trump’s repeated assaults on the sector and by administration’s determination to carry a huge share sale, which was successfully a handout by the Danish authorities.
Revolution Wind, a three way partnership between Orsted and World Infrastructure Companions’ Skyborn Renewables, “faces substantial hurt from a continuation of the lease suspension order,” Orsted stated in its assertion.
The undertaking is 87% full and anticipated to be able to ship energy to American properties this yr, based on the corporate. Orsted’s Dawn Wind undertaking off New York was additionally affected.
The Danish firm “continues to guage all choices” in relation to that undertaking, together with doable authorized proceedings, it stated within the assertion.
Equinor, primarily based in Norway, stated it has invested greater than $4 billion in Empire Wind, which is greater than 60% full.
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