US project suspension drags Orsted shares to bottom of STOXX
Shares in Danish renewable energy company ORSTED.CO slump 10% in volume spike after US suspended a lease for one of its projects
The Trump administration paused leases for five large-scale under-construction offshore wind projects over national security concerns, the Department of the Interior said on Monday
Besides Orsted's Revolution Wind and Sunrise Wind, the pause will affect GE Vernova's GEV.N Vineyard Wind 1, Dominion Energy's D.N Coastal Virginia Offshore Wind–Commercial, and Equinor's EQNR.OL Empire Wind 1 projects
Orsted, which has fully resumed work on the 80%-complete US Revolution Wind project in October, expected it to begin operations in the second half of 2026
The stock hits the bottom of pan-European STOXX 600 index .STOXX and is on track for its worst day since August
Shares in Danish wind turbine maker Vestas VWS.CO fall 3% in afternoon trade
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