{"id":68994,"date":"2026-04-26T22:16:33","date_gmt":"2026-04-26T22:16:33","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/68994\/"},"modified":"2026-04-26T22:16:33","modified_gmt":"2026-04-26T22:16:33","slug":"bofa-upgrades-orsted-outlook-cites-diminishing-offshore-wind-risk-from-trump-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/68994\/","title":{"rendered":"BofA upgrades \u00d8rsted outlook, cites diminishing offshore wind risk from Trump"},"content":{"rendered":"\n

This story was originally published on Utility Dive<\/a>. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter<\/a>. <\/p>\n

Bank of America said in a Monday research note that it has upgraded its outlook on offshore wind developer \u00d8rsted, citing recent developments including the potential for the conflict in the Middle East to \u201ccreate impetus for fossil fuel independence in Europe.\u201d<\/p>\n

\u201cWe believe that the risks facing Orsted’s US projects have significantly diminished in the last few weeks,\u201d said Peter Bisztyga, head of European utilities and renewables equity research at Bank of America and author of the note. \u201cOrsted’s repaired balance sheet means it can participate in upcoming offshore auctions to drive growth post 2030, and we believe it could resume US onshore development to fill the growth ‘air pocket’ between 2028-30E.\u201d<\/p>\n

Bisztyga also said that in Bank of America\u2019s view, \u201cthe war in the Middle East will create impetus for fossil fuel independence in Europe, with offshore wind a key potential beneficiary.\u201d<\/p>\n

The Trump administration in December issued stop work orders on all five U.S. large-scale offshore wind farms under <\/a>construction<\/a>. All won injunctions and were allowed to resume work<\/a>, with \u00d8rsted\u2019s 924-MW Sunrise Wind the last to do so in February. The 700-MW Revolution Wind project which \u00d8rsted is developing with Global Infrastructure Partners\u2019 Skyborn Renewables received an injunction in January.<\/p>\n

Bisztyga\u00a0said DOJ allowing their window to challenge the Revolution Wind injunction to lapse is a positive for \u00d8rsted, and noted that the window for appealing the Sunrise Wind injunction ends on April 3. \u201cWe think risk of adverse policy action against Orsted’s two U.S. offshore projects has eased,\u201d he said.<\/p>\n

\u201cRevolution [Wind] recently reached first power and met its PPA requirement; news that the Administration may pay developers to exit leases suggests it recognises these cannot be withdrawn arbitrarily,\u201d Bisztyga said, referring to the administration\u2019s payment of close to $1 billion to TotalEnergies<\/a> in exchange for the company relinquishing two wind leases off the coasts of North Carolina and New York.<\/p>\n

After each of the five projects successfully sought injunctive relief from the stop work order, the Department of Justice let its deadline pass to challenge the injunction issued to Revolution Wind \u2013 which began delivering power to the grid<\/a> on March 13.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free…\n","protected":false},"author":2,"featured_media":68995,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[285],"tags":[28842,18460,380,287,37672],"class_list":["post-68994","post","type-post","status-publish","format-standard","has-post-thumbnail","category-orsted","tag-bank-of-america","tag-global-infrastructure-partners","tag-offshore-wind","tag-orsted","tag-peter-bisztyga"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116473324017771431","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/68994","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=68994"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/68994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/68995"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=68994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=68994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=68994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}