Orsted announces work stop order for U.S. wind farm

Orsted (DNNGY) announced Friday that its subsidiary Revolution Wind, a 50/50 joint venture with Global Infrastructure Partner’s Skyborn Renewables, received an order instructing the project to stop activities on the outer continental shelf related to the Revolution Wind project from the U.S. Department of the Interior’s Bureau of Ocean Energy Management. “Revolution Wind is complying with the order and is taking appropriate steps to stop offshore activities, ensuring the safety of workers and the environment,” the company said in a statement. The project is 80% complete with all offshore foundations installed and 45 out of 65 wind turbines installed. “Orsted is evaluating all options to resolve the matter expeditiously. This includes engagement with relevant permitting agencies for any necessary clarification or resolution as well as through potential legal proceedings, with the aim being to proceed with continued project construction towards COD in the second half of 2026,” the company added. Companies with exposure to wind energy include Eversource (ES), NextEra Energy (NEE), GE Vernova (GEV) and Brookfield Renewable Partners (BEP).