Wind farm developer Orsted's plan to raise much-needed capital is at risk following a U.S. order to halt construction of a near-complete project.

Administration issues stop-work order against array already 80% complete to address ‘national security concerns’

The Trump administration has halted construction on an offshore wind project near Rhode Island that is 80% complete.

Wind farm developer Orsted's plan to raise much-needed capital is at risk following a U.S. order to halt construction of a near-complete project.

UPDATE: The Orsted share price nose-dived when markets opened Monday. At close, the shares were down by 16%.

The U.S. last week ordered the company to halt construction of an almost completed project.

L'amministrazione Trump ha emesso un ordine di sospensione dei lavori, costringendo la società danese a interrompere l'opera Revolution Wind già realizzata all'80%. La vicenda…

Trump may use stop work order for offshore wind array to ‘extract concession’ from Orsted and states of Connecticut and Rhode Island, it is warned

US-Präsident Trump setzt die Branche der Windenergie abermals unter Druck. Die Ørsted-Aktie fiel zeitweise um 19 Prozent und auch andere Windkraft-Aktien wanken.

The move adds to a growing list of regulatory moves that limit new wind development in the US — and even hamper late-stage projects.

The Trump administration issued a stop-work order, over national security concerns, on a nearly completed offshore wind project for Massachusetts and Rhode Island.

The US administration is stopping construction on a nearly completed offshore wind farm, operated by the Danish group Orsted, off the northeast coast of the United States.