Orsted slips on reports Trump administration may withdraw NY wind farm permit

Oersted A/S

14/10/2026 08:17

** Orsted ORSTED shares fall around 3%, with traders citing media reports that the Trump administration might reconsider its permit for the Danish group's Revolution Wind offshore wind farm near Rhode Island
** Orsted declined to comment when contacted by Reuters
** The Revolution Wind project is more than 95% complete and is already generating power
** Last year, US President Donald Trump suspended licensing of offshore wind farms, leading Orsted to seek support from shareholders via a $9.4 billion rights issue and to sell its European onshore renewable business
** A federal judge blocked the suspension in February
** Orsted is among the biggest decliners on Europe's benchmark STOXX 600 index .STOXX
     

(Reporting by Boleslaw Lasocki)
((boleslaw.lasocki@thomsonreuters.com))