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Ørsted shares hit all-time low after order to halt windfarm
The Guardian
|August 26, 2025
Shares in Ørsted hit an all-time low yesterday after the Trump administration ordered Europe's largest wind power company to stop work on a near-complete windfarm.
Ørsted's shares plunged 17% after it was forced to stop construction on its $1.5bn (£1.1bn) Revolution Wind project off the coast of Rhode Island.
The order to down tools came despite the fact that the project is 80% complete with 45 out of 65 wind turbines installed.
The US government issued its stop-work order late on Friday, citing a need to "address concerns related to the protection of national security interests", although it did not provide any further detail.
Ørsted, which is 50.1% owned by the Danish state, has been hit hard by Donald Trump's hardline stance on offshore wind projects.
Diese Geschichte stammt aus der August 26, 2025-Ausgabe von The Guardian.
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