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January 2, 2026
STORY: Denmark’s Orsted said on Friday it was challenging the U.S. government’s suspension of the lease for its Revolution Wind joint venture.And that it would seek a court injunction against the decision to halt its $5 billion offshore wind project.Revolution Wind LLC, a 50-50 joint venture between Orsted and Global Infrastructure Partners’ Skyborn Renewables, filed its complaint with the U.S. District Court for the District of Columbia.The Trump administration suspended leases on December 22 for five large offshore wind projects.They’re under construction off the U.S. East Coast.The administration cited national security concerns, sending shares of offshore wind companies plunging.It was another blow for offshore wind developers which have faced repeated disruptions to their multi-billion-dollar projects under Donald Trump.He’s said he finds wind turbines ugly, costly and inefficient.Orsted said in a statement on Friday that Revolution Wind was about 87% complete.Adding that at the time of the lease suspension order, the project was expected to begin generating power as soon as this month.Squeezed by inflation, higher interest rates, supply chain delays and regulatory headwinds, Orsted last year raised $9.4 billion in a heavily discounted share issue.