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.
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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.
The White House halted five major offshore wind developments at the end of last year, including Orsted’s project off the coast of Rhode Island. Officials cited national security concerns identified by the Pentagon as the reason for the suspension.
Orsted filed a legal challenge to the Trump administration’s decision earlier this month, saying that the lease suspension would cause “substantial harm” to the Revolution Wind project.
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.
Shares of Orsted traded 5.6% higher at around 8:20 a.m. London time (3:20 a.m. ET).
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