"Danish offshore wind developer Orsted can restart work on the nearly finished Revolution Wind project off the coast of Rhode Island, a federal judge ruled on Monday, after President Donald Trump's administration halted the project last month. The ruling is a legal setback for Trump, who has sought to block the expansion of offshore wind in U.S. waters. It is a palpable victory for Orsted, which has been losing $2 million a day since the project was halted on August 22."
"The U.S. Interior Department said it would continue to review the project while work proceeds. "As a result of the Court's decision today, Revolution Wind will be able to resume construction as BOEM (the U.S. Bureau of Ocean Energy Management) continues its investigation into possible impacts by the project to national security and prevention of other uses on the Outer Continental Shelf," an Interior spokesperson said."
Orsted can resume construction on Revolution Wind after a federal judge issued a preliminary injunction blocking the administration's stop-work order. The project, 15 miles off Rhode Island, is nearly finished and expected to power 350,000 homes in Rhode Island and Connecticut. Orsted was losing $2 million daily since the halt on August 22, and its U.S.-listed shares rose about 9% to $11.60 after the ruling. The Interior Department will continue reviewing national security and other impact concerns while BOEM investigates. Government attorneys argued permit noncompliance; Revolution Wind disputed those claims. Judge Royce Lamberth criticized the administration's inconsistent explanations.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]