Shares in Ørsted climbed about 5% on Tuesday after a federal judge in Washington cleared the company and its partners to restart work on the $5bn (€4.28bn) Revolution Wind offshore wind development, which had been put on ice by the Trump administration.
In an order from the US District Court for the District of Columbia, the judge granted preliminary relief that pauses a 22 December stop-work directive issued by the Bureau of Ocean Energy Management (BOEM), the Interior Department agency that oversees offshore energy development in federal waters. This means construction can resume while the case proceeds.
