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Orsted’s US offshore wind project continues in spite of Trump order, $1.7bn write off

President Trump's order is not expected to halt existing projects, like the company's 924-megawatt Sunrise project, which began construction in the summer of 2024

By Barb Dean-Simmons | Jan. 23, 2025 16:45 GMT
Offshore wind. Photograph by Masha Basova on Shutterstock.
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Danish company Orsted, the world's largest wind farm maker, is pumping the brakes on an offshore project off the US New England coast and has taken a nearly $1.7 billion write-off in the wake of President Donald Trump's moratorium on wind farms. [...]

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