Danish renewable energy giant Orsted as ( OTC:DNNGY ) has filed legal action against the Trump administration for suspending its wind power projects.
The company said on Friday it was challenging the U.S. government’s decision to halt its Revolution Wind project, about 15 miles south of the Rhode Island coast.
Orsted is seeking a court injunction to offset the moratorium, which it claims has caused “significant harm” to the project.
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Orsted’s shares, listed on Nasdaq Copenhagen, rose more than 4% in European trading on Friday after announcing the legal action.
“Revolution Wind has spent and invested billions of dollars to rely on and has met the requirements of a thorough review process,” Orsted said. The company also said the Revolution Wind project is nearing completion at about 87 percent progress, with most of the offshore foundations installed and 58 of the 65 turbines in place. The project is expected to begin providing affordable power in 2026 and support thousands of U.S. jobs, including more than 1,000 union roles and 2 million union hours.
Revolution Wind is Orsted and Global Infrastructure PartnerSkyborn Renewables, the two companies have invested approximately $5 billion in the project.
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The Trump administration, known for its pro-fossil fuel stance, suspended leasing at five major offshore wind projects on December 22, including Revolution Wind. The move was attributed to national security concerns raised by the Pentagon. The decision is a major setback for offshore wind developers, CEO Donald Trump Wind turbines have previously been criticized as unsightly and harmful to the economy and environment.
The decision drew criticism from industry and labor leaders. senate minority leader Chuck Schumer (New York) condemned the move, saying it jeopardizes high-paying union jobs and hinders the state’s clean energy progress.
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