{"id":66497,"date":"2026-04-23T01:31:33","date_gmt":"2026-04-23T01:31:33","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/66497\/"},"modified":"2026-04-23T01:31:33","modified_gmt":"2026-04-23T01:31:33","slug":"orsted-moves-to-save-its-u-s-wind-farm-projects","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/66497\/","title":{"rendered":"Orsted Moves to Save Its U.S, Wind Farm Projects"},"content":{"rendered":"

The chief executive of a beleaguered Danish wind farm developer said Tuesday that the company would move quickly to complete a $6.2 billion wind farm off Rhode Island, a day after a judge struck down President Trump\u2019s effort<\/a> to halt the project.<\/p>\n

\u201cWe have seven turbines left to install\u201d on the project, called Revolution Wind, Rasmus Errboe, the head of the energy company Orsted, said in an interview. He added that he expected the wind farm to begin generating some electric power \u201cwithin weeks,\u201d with completion coming later this year.<\/p>\n

Revolution Wind is expected to power 350,000 homes in Rhode Island and Connecticut. Orsted is building a second wind farm, called Sunrise Wind, off New York\u2019s coast. The two offshore wind farms are among five that were halted by the Trump administration in December over national security concerns.<\/p>\n

Those five wind farms<\/a> were a major component of efforts by East Coast states to reduce carbon emissions from electric power generation. They represent a planned $25 billion investment and were expected to create 10,000 jobs.<\/p>\n

In the interview, Mr. Errboe indicated that Orsted was trying to salvage extensive planned investments in the United States. \u201cWe are dealing with this in a diligent manner,\u201d he said. \u201cWe take nothing for granted.\u201d<\/p>\n

Mr. Errboe said the company will focus on Europe, where it pioneered offshore wind and where support continues to be \u201cvery strong.\u201d<\/p>\n

But completing the U.S. projects is far from a sure thing. Sunrise Wind remains halted, and a hearing on the project is expected in the coming weeks, while the Trump administration could come up with new challenges to Revolution Wind.<\/p>\n

Orsted\u2019s share price rose almost 5 percent on Tuesday, following the court ruling. Analysts, though, warn that the problems faced by the company and the wider industry may not be over.<\/p>\n

\u201cRisks of further policy intervention and cost inflation remain, given the Trump administration\u2019s concerns on offshore wind,\u201d Jenny Ping, an analyst at Citigroup, wrote in a note to clients.<\/p>\n

These stops and starts can bring mounting costs for wind developers, which must continue to pay installation vessels and other costs. Orsted estimates that the recent delays cost $1.44 million a day for Revolution Wind and $1.25 million for Sunrise, whose halt Orsted is also challenging in court.<\/p>\n

The company has been badly burned in the United States, first by rising costs and more recently by Mr. Trump\u2019s aversion to the presence of giant offshore wind turbines.<\/p>\n

Orsted\u2019s problems pushed it to raise $4.7 billion in a share sale last year. In November, Orsted sold 50 percent of a large wind farm called Hornsea 3 that it is building off Britain to the U.S. asset manager Apollo Global Management for around $6 billion.<\/p>\n

Maxine Joselow and Brad Plumer contributed reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"The chief executive of a beleaguered Danish wind farm developer said Tuesday that the company would move quickly…\n","protected":false},"author":2,"featured_media":66498,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[285],"tags":[36491,28958,36489,36488,287,28957,36490,4962,75,28955,819],"class_list":["post-66497","post","type-post","status-publish","format-standard","has-post-thumbnail","category-orsted","tag-decisions-and-verdicts","tag-donald-j","tag-errboe","tag-government-contracts-and-procurement","tag-orsted","tag-orsted-as","tag-rasmus","tag-rhode-island","tag-trump","tag-united-states-politics-and-government","tag-wind-power"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116451441691113743","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/66497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=66497"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/66497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/66498"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=66497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=66497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=66497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}