Reported about 14 hours ago
Orsted's stock plummeted over 16% to an all-time low following a stop-work order from the US government on its nearly finished Revolution Wind project off Rhode Island, which was 80% complete. Citing 'national security interests,' the Department of the Interior halted activities, prompting backlash from state officials who criticized the move for hindering energy expansion. This incident highlights ongoing tensions between the renewable energy sector and the Trump administration, which has previously imposed restrictions on wind projects.
Source: YAHOO