Rasmus Errboe, CEO of Danish wind farm developer Orsted (DNNGY), said the company will move rapidly to finish a $6.2B wind farm off Rhode Island, a day after a judged denied President Trump’s push to stop the project, the Wall Street Journal’s Stanley Reed reports, citing Errboe. The company has seven turbines left to install on the ‘Revolution Wind’ project and expects the farm to start generating some electric power “within weeks”, according to the CEO.
Claim 70% 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
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DNNGY:
- Orsted: Legal Wins Boost U.S. Offshore Wind Sentiment but Regulatory Overhang Warrants Hold
- Orsted Shares Jump after U.S. Court Lifts Trump-Era Block on Key Wind Project
- Orsted upgraded to Neutral from Sell at Citi
- Orsted’s Uncertain Asset Sale and Financial Strategy: A Hold Rating Amid Mixed Signals
- Orsted reinstated with a Neutral at JPMorgan