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Ørsted JV Sues U.S. Over Lease Suspension of Near-Complete Revolution Wind Project

Story Highlights
  • Revolution Wind, Ørsted’s U.S. offshore wind JV, is challenging BOEM’s lease suspension in federal court.
  • The 87%-complete project underpins Northeast grid reliability and jobs, heightening stakes of prolonged delay.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ørsted JV Sues U.S. Over Lease Suspension of Near-Complete Revolution Wind Project

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Orsted ( (DOGEF) ) has provided an update.

Revolution Wind LLC, a 50/50 joint venture between Ørsted and Global Infrastructure Partners’ Skyborn Renewables, has filed a supplemental complaint in U.S. federal court challenging a December lease suspension order issued by the Bureau of Ocean Energy Management for its nearly completed offshore wind project off the U.S. Northeast coast and plans to seek a preliminary injunction. The developer argues the suspension is unlawful and threatens substantial harm to a project that is about 87% built, has all major federal and state permits in place after years of regulatory and national-security review, and is scheduled to start supplying long-term contracted power in 2026 to around 350,000 homes in Connecticut and Rhode Island, including supporting rising data-center and AI-related demand. A prolonged halt could hit regional grid reliability and electricity costs, as well as thousands of union and supply-chain jobs tied to Ørsted’s broader U.S. investment in offshore wind infrastructure, while a separate Ørsted-owned project, Sunrise Wind, is also assessing its options after receiving a similar lease suspension order.

More about Orsted

Ørsted is a Denmark-headquartered renewable energy group and global leader in developing, constructing and operating offshore wind farms, with a core focus on Europe and growing activities in Asia Pacific and North America. The company has more than 18 GW of installed renewable capacity, including 10.2 GW of offshore wind and 8.1 GW under construction, complemented by onshore wind, solar, energy storage, bioenergy plants and energy trading, and is listed on Nasdaq Copenhagen.

For detailed information about DOGEF stock, go to TipRanks’ Stock Analysis page.

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