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Trump orders RI’s Revolution Wind developers to stop offshore project already 80% complete
Revolution Wind, Rhode Island’s first large-scale offshore wind project, was put on ice by the Trump administration Friday, which ordered developers to immediately stop construction. The project is already 80% completed,
Danish wind farm developer, Orsted, said the Revolution Wind project is about 80 percent complete, with 45 of its 65 turbines ...
"It is nuts, crazy, insane to stop a project that is 80% completed and will save hundreds of millions of dollars for ...
The cancellation is a blow to the offshore wind industry and Ørsted, the energy company responsible for the construction, as ...
7hon MSN
Orsted shares tumble over 16% to record low, as U.S. government halts wind project construction
Shares in wind farm developer Orsted lost ground on Monday. The U.S. government last week ordered the company to halt ...
Denmark’s Orsted lost almost a fifth of its market value at one point as investors sold the offshore wind champion’s shares.
Orsted said the move would strengthen its capital structure, days after the stop-work order on the project off Rhode Island.
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