financetom
Business
financetom
/
Business
/
US halts work on Orsted offshore wind project off Rhode Island
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US halts work on Orsted offshore wind project off Rhode Island
Aug 22, 2025 4:36 PM

(Reuters) -The Trump administration on Friday ordered Denmark's Orsted to halt all activities related to its Revolution Wind project off the coast of Rhode Island, according to a letter posted on the website of the Bureau of Ocean Energy Management.

The stop work order is related to unspecified national security concerns arising from the administration's review of offshore wind projects in federal waters, the letter, signed by BOEM acting Director Matthew Giacona, said.

"In particular, BOEM is seeking to address concerns related to the protection of national security interests of the United States and prevention of interference with reasonable uses of the exclusive economic zone, the high seas, and the territorial seas," Giacona said.

The letter was addressed to Rob Keiser, head of asset management for Orsted's North American business. Orsted was not immediately available for comment.

The move is the administration's latest in a string of efforts to hinder offshore wind and clean energy development.

On his first day in office earlier this year, President Donald Trump suspended new offshore wind leasing pending an environmental and economic review of projects. He has repeatedly criticized wind energy as ugly, unreliable and expensive.

Earlier this month, Orsted asked shareholders for $9.4 billion to help fund another U.S. project because potential partners were put off by Trump's hostility to wind power.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Jaguar Land Rover North America recalls about 21,000 US vehicles over torn passenger airbags
Jaguar Land Rover North America recalls about 21,000 US vehicles over torn passenger airbags
Jul 13, 2025
July 12 (Reuters) - Jaguar Land Rover North America is recalling 20,999 vehicles in the United States due to torn passenger airbags that may not adequately protect an occupant in a crash, increasing the risk of injury, the U.S. National Highway Traffic Safety Administration said on Saturday. ...
EU to keep US trade countermeasures on hold until August, says von der Leyen
EU to keep US trade countermeasures on hold until August, says von der Leyen
Jul 13, 2025
BRUSSELS (Reuters) -The EU will extend its suspension of countermeasures to U.S. tariffs until early August as it aims for a negotiated solution on trade with the United States, European Commission President Ursula von der Leyen said on Sunday. U.S. President Donald Trump escalated his global trade war on Saturday and threatened to impose a 30% tariff on imports from...
Nvidia CEO to hold media briefing in Beijing on July 16
Nvidia CEO to hold media briefing in Beijing on July 16
Jul 13, 2025
BEIJING (Reuters) -Nvidia ( NVDA ) CEO Jensen Huang will hold a media briefing in Beijing on July 16, an official from the company said on Sunday, marking his second visit to the country after a trip in April where he stressed the importance of the Chinese market. Since 2022, the U.S. government has imposed restrictions on the export of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved