Orsted Lease Suspension and Legal Option Commentary

23 days ago

Speaker 3

"I want to take you to Orsted. Their shares have been down about 1% in Denmark. So the back story, the U.S. suspending the leases, right, of all five wind farms under construction off the East Coast. It's an industry that's been kind of targeted by the Trump administration. Maybe it's part of this attack on clean energy, but you have the U.S. Interior Department saying it's because of national security concerns. Orsted said it's considering all options, even legal action, to respond to that U.S. decision to suspend those leases for the Revolution, Wind, Sunrise, wind projects."

The speaker discusses Orsted's situation after the U.S. suspension of leases for its wind projects, attributing the move to national security concerns. Orsted is weighing its response options, including potential legal action, amid a broader political attack on clean energy. The commentary implies caution given the regulatory risks impacting near-term performance.

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