Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Orsted ( (DOGEF) ) just unveiled an update.
Ørsted’s wholly owned subsidiary Sunrise Wind LLC is filing a complaint and seeking a preliminary injunction in the U.S. District Court for the District of Columbia to challenge a lease suspension order issued on 22 December 2025 by the U.S. Bureau of Ocean Energy Management, arguing that the order is unlawful and poses substantial harm to the nearly half-complete Sunrise Wind offshore project. Sunrise Wind, which has already secured all key permits and invested billions of dollars following extensive federal, state and local reviews and national security consultations, warns that prolonging the suspension jeopardises a project intended to start power generation in 2026, ultimately supply affordable electricity to around 600,000 New York homes under a 25‑year contract, support thousands of U.S. jobs and bolster grid reliability at a time of rising demand; a similar legal step has been taken by Revolution Wind, another Ørsted-linked venture, underscoring mounting legal and regulatory tensions around U.S. offshore wind build-out.
More about Orsted
Ørsted is a Denmark-headquartered global leader in developing, constructing and operating offshore wind farms, with a core focus on Europe and growing activities across Europe, Asia Pacific and North America. The group has more than 18 GW of installed renewable capacity, including offshore and onshore wind, solar, energy storage, bioenergy plants and energy trading, and reported operating profit of DKK 24.8 billion in 2024. Ørsted, listed on Nasdaq Copenhagen, employs about 8,000 people and positions itself as a sustainability frontrunner with the vision of a world running entirely on green energy.
For detailed information about DOGEF stock, go to TipRanks’ Stock Analysis page.
