Investors in Danish Ørsted are pleased that the company received a judge's word on Monday that an offshore wind turbine project off the US East Coast can be resumed. The share price rose 5.4 percent on Tuesday.
The hearing, which was heard in a federal court in Washington, D.C., stems from the US Department of the Interior putting the offshore wind project Revolution Wind on hold in December. According to US Secretary of the Interior, Doug Burgum, the reason was national security.
According to the Reuters news agency, the ministry said that the Pentagon had expressed concern that the movement of the wind turbine blades and reflective towers were causing radar interference.
In early January, Ørsted announced that the company had filed a complaint with the court against that decision. In this connection, the company requested that the court, in continuation of this, grant the complaint suspensive effect. Because Ørsted was successful in the last part on Monday, work on the project must resume, at least until a final court decision is made in the main lawsuit.
- The project will resume construction work as soon as possible with safety as the highest priority in order to deliver reliable and cheap electricity to the northeastern United States, Ørsted wrote in a statement after the decision on Monday.
Revolution Wind is an offshore wind farm that Ørsted is building off the east coast of the United States. According to Ørsted, the farm is about 87 percent complete, and 58 out of 65 wind turbines have been installed. The farm is a joint project between Ørsted and Skyborn Renewables, which is a co-owner.
The Trump administration has previously tried to stop several offshore wind projects in the United States. Back in August, Ørsted and its partner Skyborn Renewables were ordered to stop construction of Revolution Wind. At that time, the order was also justified by concerns about national security. The two partners filed a lawsuit against the US government. In September, they received a judge's order allowing construction to continue.
Revolution Wind is one of two offshore wind turbine projects off the US east coast that have been affected by the US order. Sunrise Wind is the other. A complaint has also been filed with respect to that project, which Ørsted wants to have granted suspensive effect.
/ritzau/
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
