After 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 wind project from the U.S. Department of the Interior’s Bureau of Ocean Energy Management, Bloomberg’s Ari Natter reports that the Trump administration is working to halt development of an offshore wind project planned near Maryland. US Wind, which is owned by funds managed by Apollo Global Management (APO) and a subsidiary of Toto Holding SpA, told Bloomberg in a statement: “We remain confident that the federal permits we secured after a multi-year and rigorous public review process are legally sound.” Companies with exposure to wind energy include Eversource (ES), NextEra Energy (NEE), GE Vernova (GEV) and Brookfield Renewable Partners (BEP).
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