Danish renewables giant Orsted, the world’s largest developer of offshore wind farms, said on Friday that it had launched legal action against the Trump administration over the suspension of its $5 billion Revolution Wind project.
Shares of the Copenhagen-listed company rose more than 4% on the news, putting the stock among the top performers of the pan-European Stoxx 600
index.
Orsted said in a statement that it would seek a court injunction against the U.S. government’s decision to halt its Revolution Wind project, located about 15 miles south of the Rhode Island coast.
“As was the case with the August 2025 stop-work order, the Revolution Wind Project … faces substantial harm from a continuation of the lease suspension order. As a result, litigation is a necessary step to protect the rights of the Project,” Orsted said.
