Ørsted, a major wind energy company, suffered a massive 17% stock plunge after the US government abruptly halted its nearly complete $1.5 billion Revolution Wind project. The administration cited national security concerns, despite the project being 80% finished. This action, fueled by President Trump's long-standing opposition to wind farms, jeopardizes Ørsted's fundraising efforts and raises concerns about the future of offshore wind energy in the US. Experts dispute Trump's claims about wind energy's cost and environmental impact. Ørsted is exploring legal options to resolve the situation.

Prepared by Christopher Adams and reviewed by editorial team.