CPSE:ORSTEDRenewable Energy
Ørsted (CPSE:ORSTED) Faces U.S. Offshore Lease Suspensions After Heightened National Security Concerns
The U.S. Department of the Interior’s Bureau of Ocean Energy Management previously ordered 90-day lease suspensions for Ørsted’s Revolution Wind and Sunrise Wind offshore projects, halting progress on key U.S. developments and prompting the company to assess regulatory and legal options.
The move underscores how political and national security concerns, such as radar interference risks, can abruptly reshape project timelines and contract certainty for offshore wind developers like...