Orsted
A federal judge ruled that President Donald Trump’s executive order halting onshore and offshore wind power leasing and permitting was unlawful, finding that it violated the Administrative Procedure Act.
Ørsted reported a net loss for the third quarter, attributed to the continuing financial challenges for its U.S. offshore wind portfolio, but it also said those projects are progressing well toward completion.
Ørsted will reduce its workforce roughly 25% through the end of 2027 as it wraps up construction of offshore wind farms and remakes itself as a more competitive company.
A federal judge has lifted a month-long stop-work order on the Revolution offshore wind project, which is 80% complete.
Revolution Wind’s developers are seeking an emergency injunction against the federal stop-work order slapped on the offshore wind project.
ISO-NE warned any significant delay of the Revolution Wind project will increase risk to the reliability of the New England grid and undermine the region’s economy.
The Trump administration has slapped Ørsted with a stop-work order on Revolution Wind, a 704-MW project off the New England coast that is 80% complete.
The Massachusetts Department of Energy Resources will delay its next offshore wind solicitation until “at least 2026” due to uncertainty around federal permitting, tax credits and tariffs.
Ørsted is moving to raise as much as $9.33 billion on its own to finish building the Sunrise Wind project off the New York coast.
Atlantic Shores Offshore Wind is putting its 1.5-GW New Jersey offshore wind proposal on hold due to oppositional actions by the Trump administration.
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