Group 1 - The US judge ruled in favor of Orsted, allowing the company to resume construction on its offshore wind farm project off Rhode Island, which had been halted by a stop work order from the Trump administration [1][2][3] - Orsted is raising 60 billion Danish kroner (over 9 billion USD), marking the largest capital raise for a European energy company in over a decade, to support its business plan [4][7] - The company incurs approximately $25 million in costs for every week it cannot work on the project, with a significant increase in costs expected by the end of September, potentially leading to project cancellation [5][6] Group 2 - The resumption of work is seen as a potential turning point for Orsted, allowing the company to return to growth and deliver projects that are expected to generate substantial revenue in the coming years [7][8] - The judge's decision reflects confidence in Orsted's likelihood of winning the case against the US government, emphasizing the devastating financial impact of continued delays [3][5]

Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the U.K. coast.Shares of Danish renewables giant Orsted jumped on Tuesday, after a U.S. judge ruled the embattled firm can resume construction of an offshore wind farm that was halted by the Trump administration.The decision means Orsted can resume work on the nearly completed Revolution Wind project off the coast of Rhode Island and Connecticut.Shares of the Copenhagen-listed company were among the top performers on the ...