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Ørsted Shares Plunge 16% as Wind Project Halted

9/27/2025

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Story summary
  • Ørsted, the Danish energy company, saw shares fall over 16% after the Interior Department halted Revolution Wind off Rhode Island for national security concerns.
  • A federal judge granted a temporary injunction, finding the Interior Department lacked evidence and that appeals loom from the Trump administration.
  • The project is 80% complete and would power 350,000 homes in Rhode Island and Connecticut.