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The Guardian - UK
The Guardian - UK
Environment
Lauren Almeida

Ørsted shares at all-time low after Trump halts work on US windfarm

Orsted Donald Trump United States Rhode Island
The Orsted logo on a jacket worn by an employee, with a wind turbine in the background
Ørsted, which is 50.1% owned by the Danish state, has been hit hard by Donald Trump’s hardline stance on offshore wind projects. Photograph: Tom Little/Reuters

Shares in Ørsted hit an all-time low on Monday after the Trump administration ordered Europe’s largest wind power company to stop work on a near complete windfarm.

Ørsted’s shares plunged 17%, after it was forced to stop construction on its $1.5bn (£741m) Revolution Wind project off the coast of Rhode Island.

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