Ørsted seeks injunction against US government over project freeze

In October, Oersted raised $9 billion from investors in a rights issue after Trump's efforts to block a rival developer's project spooked investors.

The U.S. government then issued a stop-work order on Revolution Wind's $1.5 billion project off the coast of Rhode Island, although Oersted persuaded a judge to overturn the order.

In November, Ørsted agreed to sell half of the world's largest offshore wind farm to Apollo for $6.5 billion. Then, on December 22, the company received an order from the US government to suspend “all ongoing activities on the Outer Continental Shelf for the next 90 days.”

The Revolution Wind project is now approximately 87 percent complete, with 58 of the 65 wind turbines installed, according to the company.

While Trump has significantly complicated Ørsted's planned offshore wind projects in the US, the problems predate his administration.

The company had to abandon two major projects in the US in 2023 due to rising costs affecting the entire industry.

In a statement about Oersted's lawsuit, White House spokesman Taylor Rogers said: “For years, Americans have been forced to pay billions more for the least reliable source of energy. The Trump Administration has halted construction of all large-scale offshore wind projects because our number one priority is to put America first and protect the national security of the American people.”