Orsted Shares Jump After U.S. Court Allows Restart of Blocked Wind Project

Shares of Orsted climbed about 5% after a U.S. judge cleared the company to restart construction on its Revolution Wind offshore project, which had been halted by the Trump administration late last year.

The ruling from the U.S. District Court for the District of Columbia allows Orsted to immediately resume affected activities on the $5 billion wind farm located off the coast of Rhode Island. Orsted said the decision removes a major obstacle for a project that is close to completion.

The case represents a legal setback for Donald Trump, whose administration moved to suspend five offshore wind projects in late 2025, citing national security concerns raised by the Pentagon. Orsted challenged the suspension earlier this month, arguing that the decision would cause “substantial harm” to the project after billions had already been invested.

Revolution Wind is jointly owned by Orsted and Skyborn Renewables, a company backed by Global Infrastructure Partners. The partners disclosed last year that around $5 billion had already been spent on development and construction.

Market reaction was swift. Orsted shares were up more than 5% in early European trading, while Vestas, a key supplier to the offshore wind industry, also edged higher.

Despite the positive ruling, analysts cautioned that uncertainty remains for the sector. Michael Field, chief equity strategist at Morningstar, said the decision was clearly welcome after a difficult year for wind developers, but warned that political and regulatory risks under the current U.S. administration have not disappeared.

For Orsted, however, the court decision offers a critical reprieve — and a chance to move forward with a flagship U.S. offshore wind project that had been thrown into limbo.