The ruling significantly reduces the risk of a complete cancellation of Revolution Wind. This would have inflicted losses of approximately DKK20 billion ($3.12 billion), according to Sydbank analyst Jacob Pedersen.
Pedersen said the decision also raised hopes that a similar ruling would soon lift the construction halt on the company’s larger Sunrise Wind project.
(Reporting by Stine Jacobsen; editing by Terje Solsvik and Louise Heavens)