#revolution-wind

#revolution-wind

Revolution Wind has "demonstrated likelihood of success on the merits of its underlying claims" and is is "likely to suffer irreparable harm in the absence of an injunction," Judge Royce Lamberth of the U.S. District Court for the District of Columbia said in a Monday order. Catch up quick: It's one of five under-construction wind projects off the Atlantic Coast that Trump administration officials halted last month, citing classified national security risks.

In October, Ørsted raised $9 billion from investors in a rights issue after Trump's attempts to block a rival developer's project spooked investors. The US government then issued a stop-work order against the company's $1.5 billion Revolution Wind project off the coast of Rhode Island, although Ørsted has persuaded a judge to lift the order. In November, Ørsted agreed to sell half of the world's largest offshore wind farm to Apollo in a $6.5 billion deal.